DearWhen my taxable income of Ass Year 2015-16 is ₹ 4,23,240 and tax yet to be paid. Then how much tax payable till date including interest. How i calculate interest amount.
Kiran. S
(CTO)
(745 Points)
Replied 19 August 2015
I suggest you fill ITR1 in all respects. Click Calculate tax. you will get the Tax with interest under 234A,B and C pay around 100 or 150 more. Refunds below 100 will not given.
S. Shiroor
(Others)
(1207 Points)
Replied 20 August 2015
You should do what mr kiran had told. Only thing is you will have to fill the IT sheet [advance/self assesment column ] with some ficticious fig.
1] Taxable Income is 423420 ,
2] Tax payable is (423420- 250000) *0.1 =17342
3] less max rebate of Rs 2000 under 87A so 17342 -2000 =15342
4] add 3% edu cess so 15342*0.03 =460
5] Total tax payable w/o int = 15802
6] Add int of 1.5% per month since amt greater than 10000.
7] Add some fig in adv rax/ self assesment tax say 17500
8] click Calculate tax - if less increase the fig in self assesment tax sheet untill you get refund of rs 150-200.
I hope i am correct
ThakurAnshdeepSingh
(student)
(92 Points)
Replied 21 August 2015
S. Shiroor
(Others)
(1207 Points)
Replied 21 August 2015
Advance tax for person other than companies is payable if tax due in a financial year is more than 10000 before the TDS amount .Such person have to pay advance tax in three installments.
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