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

This query is : Resolved 

21 October 2010 Sir,

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

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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

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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