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Int u/s 234

This query is : Resolved 

14 September 2021 Tax Payable at normal rates Rs.16,47,360/-
Tax Payable at special rates Rs. 5,962/-
Surcharge Rs. 1,65,332/-
Education Cess payable Rs. 72,746/-
Total Tax Payable Rs.18,91,400/-
Interest u/s 234C Rs. 5,686/-
Tax & Interest Payable Rs.18,97,086/-
Prepaid Taxes
TDS Rs.17,82,346/-
S A Tax paid on 27.08.21 Rs. 1,14,740/-
Total Prepaid Taxes Rs.18,97,086/-

Now as per income tax portal Interest u/s 234A Rs.2,180/- and u/s 234B Rs.5,515/- is calculated and asking to pay Rs.7,695/-
Prepaid Taxes in this case are more than 90% of assessed tax and still interest u/s 234B is determined

My question is is the above calculation of interest correct and if wrong how to file return of income ?

14 September 2021 Yes the interest levied is correct. By forth quarter of advance tax, assessee has to pay 100% tax of estimate and not 90%.


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