Interest on late payment

This query is : Resolved 

08 August 2013 For AY 2013-14 tax payable is Rs.500, return is filled & payment made on 08/08/2013, so under which section interest will be charged on late payment & from which date ?

08 August 2013 Interest to be paid u/s 234A @1% for 1 month.

So total amount to be paid Rs 505/-

When you fill the ITR and click on Calculate Tax option it will calculate the total tax payable.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query