how to calculate interest u/s 234A/B/C

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KAPIL

KAPIL (Querist)
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21 October 2010 Sir,

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

Guest

Guest (Expert)

21 October 2010
See the belowmentioned link

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

Regards

CA. Chikkerur C R

CA. Chikkerur C R (Expert)
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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