how to find 234B interest calculator
This query is : Resolved
Adv. S Sharma
(Querist)
13 November 2007
hi all
plz tell me how can i find the interest calculator on this site?
thx
plz tell me how can i find the interest calculator on this site?
thx
Ravi Shankar
(Expert)
13 November 2007
Why do you need a calculator for this? Its just 1% per month from April '07 (or Apr '06 for belated returns) to the month of filing the return!
CA. O.P. Agarwalla
(Expert)
19 November 2007
Say a1= sum of default tax
say a2= months (for which interest is to be levied)
interest will be calculated as follows_
=rounddown(a1,-2)*a2*1%
say a2= months (for which interest is to be levied)
interest will be calculated as follows_
=rounddown(a1,-2)*a2*1%
CA. GOPAL SONIKA
(Expert)
10 March 2008
I hope ur clear
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