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Interest & late fee

This query is : Resolved 
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(Querist)
23 June 2014 Sir,
Feb2014 - S.tax Rs 9600
march14---S.taxRs 6400

we have no paid tax and return till date
please
1)interest ..?
2)late fee for return..?
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Nischit Sanghavi

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Nischit Sanghavi (Expert)
24 June 2014 Interest would be leviable @1.5% p.m.
So, For the month of February, you would file in March. So interest for not payment would be charged for March to June i.e.4 Months. So, it would be Rs.9600*1.5%*4 = Rs.576/- and Rs.6400*1.5%*3 = Rs.288/-.

For Late filling of Return:-

For delay upto 15 days - Rs.500 per day
For delay beyond 15 days upto 30 days - Rs.1000 per day
For delay beyond 30 days Rs.1000 + Rs.100 for each day, upto Maximum of Rs.20000/-
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