Int 234a 234b 234c
This query is : Resolved
03 March 2012
I am filing IT return for AY 2011-12,
Tax liability Rs 1378
Please let me know Int 234A 234B 234C
HOW TO CALCULATE
Tax liability Rs 1378
Please let me know Int 234A 234B 234C
HOW TO CALCULATE
03 March 2012
For your case interest under section 234B and 234C not applies these sections applies to those who are liable to pay advance tax you are not liable to pay advance tax. Section 234A interest applies you for the late filling of IT return interest @1% on payable amount of tax per month or part of the month has to be pay under this section. So present you are in late filing of A.Y.2011-12 IT return 8 months so you have to pay interest U/S 234A is 1378*8%=Rs.110 thus total self assesment tax payable now is Rs.1378+110 = Rs.1488.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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