SIR,

If somebody has not filed IT return for the last year till now, is it possible to file the same now?( 2007-08 & 2008-09),

for 2007-08, Taxable amount was Rs 1923233, I have all ready paid TDS of Rs13975.

As per my calculation for Tax i need to pay Rs 13646.60

What would be the extra amount(Intrest) i need to Pay Under Section 234A to file my returen.

Do i need to pay any intrestU/s 234A for Asseesment Year 2008-09.

My TDS was Rs 21051 ( Taxable amount Rs232192).

Pleas Guide.

Regards.

Ketan

Hi all & Wish you Very Happy & Prosperous Diwali,

I had 2 employments in 07-08, but the 2^nd Emp did not consider salary frm 1^st Emp.

Now my Total tax is coming 119000/- & edu cess is 3467/-

Below are the details of Tax payment by my emp

Emp 1

Emp2

Hence as per my knowledge remaining tax liability is coming to be Rs. 42391/- Which I am planning to pay (& file returns) by 31 Oct. However I am unable to understand how much interest I have to pay under 234 A, B & C.(what is aditional amt if I pay next month in Nov)

Please help me out, also I am filing the returns online & want to know which challan is to be used.

Shrikant

i AM A SALARIED PERSON, i WANT TO FILE PERSONAL RETURN ON 15.11.2008 , I HAVE TO PAY TAX ARROUND RS. 12000/- PL GIVE ME THE INTEREST CALULATOR SO THAT I CAN CALULATE THE INTEREST ACCORDING TO SECTION 234A, 234B, 234C

Hi Ketan,

  You can file your return till march 09 (assessment year 2008-2009) but there may be chances to audit your account.

For year 2007-2008 , you can file you return, but you have to pay interest U/S 243A ,234B and 234C.

To calculate i need all detail , total taxable income , tax deposite detail ...

If you provide me, i may be help you. Pleasee feel free to ask any question.

Rahul Jain

email ID- rahul_jain_81 @ rediffmail.com 

Dear Sir/madam

in fin yr. 2007-08 my company cut 10846/- TDS

I filed ITR1 as per for 16 provided by company

Now (26/03/10) I have received a letter dt 12/2/10 from IT Dept to pay 350/- under u/s 234 C

What is that?

Why my company has not deducted that in TDS only?

How much should I pay Today?

After paying tax do I need to file revised return?

Pls guide me

mail me at y.varun @ rediffmail.com

Thanks

Varun

1% interest calculation for the shortfall in march is on the premise that advance tax ought to have been paid on or before 15th march to the extent of 100% of the estimate and therefore interest for any shortfall is counted up to 31st of march and payable accordingly ( remember interest @ 1% for 3 months is counted from 15th Dec to 15 th March ) and hence there is no overlapping

please  send me calculation of 234b & 234c on my email id harshad @ atharvas.com

plz. anyone send me interest calculator. my id is vashisth51 @ yahoo.com.

Attached herewith, please find two worksheets containing the income tax computation with the calculation of Interest under the sections 234A, 234B & 234C also downloaded from this website, incorporated with the income-tax computation. Hope you all find it useful. Cheerio !!