Can you please explain me how interest
This query is : Resolved
20 November 2012
Net Tax-39274
TDS - 7822
Balance Tax 31452
Interest u/s 234C - 1160
Advance tax - not paid
for the A.Y.2012-13
return filled for the month of sept2012
can you please explain me how interest calculation amount caluated i.e u/s 234C
TDS - 7822
Balance Tax 31452
Interest u/s 234C - 1160
Advance tax - not paid
for the A.Y.2012-13
return filled for the month of sept2012
can you please explain me how interest calculation amount caluated i.e u/s 234C
Gayathri Devi
(Expert)
20 November 2012
Calculation of Interest u/s 234 C
Total Tax Payable = 39274
Less :TDS = 7822
Balance Tax Payable = 31452
30% on 31452 = 9436 * 1%*3 = 283
60% on 31452 = 18871 * 1%*3 = 566
100% on 31452 = 31452 * 1%*1 = 315
Total = 1164
Rounded off u/s 288 B = 1160
Total Tax Payable = 39274
Less :TDS = 7822
Balance Tax Payable = 31452
30% on 31452 = 9436 * 1%*3 = 283
60% on 31452 = 18871 * 1%*3 = 566
100% on 31452 = 31452 * 1%*1 = 315
Total = 1164
Rounded off u/s 288 B = 1160
20 November 2012
Dear Madam
I understood Thank you so much
Regards
Ramesha.m
I understood Thank you so much
Regards
Ramesha.m
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