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how to calculate interest u/s 234A/B/C (Income Tax)

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This query is : Resolved



( Author )
21 October 2010

Sir,

Kindly give us a detail of calculation of interest on delay deposit of tax u/s 234A/B/C.


Member (Account Deleted)

( Expert )
21 October 2010


See the belowmentioned link


http://www.caclubindia.com/forum/interest-u-s-234b-and-234c-in-easy-understandable-language-108309.asp


Regards


CA. CHIKKERUR C R

( Expert )
29 October 2010


1.Sec 234A- 1 % per month of Tax payable amount from due date of filing

2.Sec 234C-3.7% on Tax Payable amount

3.Sec 234B-1 % per month of Tax payable amount if it exceeds Rs 10,000 from due date of filing


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