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Interest on late payment

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(Querist)
22 April 2010 I am working in a pvt ltd co. our profit is showing Rs.800000/- for the financial year 2009-10. We have not paid a advance income tax. now we are planning to pay the tax what is the interest rate. and give me method of calculation of interest.

Thanks
Panduranga
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CA KISHORE VANAMA

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CA KISHORE VANAMA (Expert)
22 April 2010 INTEREST RATE IS 1% PER MONTH AND ONE TIME REFER SECTION 234B AND SECTION 234C OF INCOME TAX ACT
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
22 April 2010 RATE OF INTEREST U/S 234B IS 1% PM AND ALSO CALCULATE INTEREST U/S 234C ALSO, FOR DETAIL CALCULATION REFER SAID SEC
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