Interest on tax


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Querist : Anonymous

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Querist : Anonymous (Querist)
09 September 2012 Dear Sir,
Self assessment tax in AY 2012-13 is Rs. 9249/- and excel utility of itr 4S has calculated interest on tax is Rs. 118/- on 09/09/2012. Whether the calculation is correct and which rate it is calculated.

Please clarify.

Taxguy (Expert)
09 September 2012 The calculation in utility is correct, hope you have substantial income other than presumptive income and hence the interest.

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 September 2012 this is presumptive income u/s 44AD

01 August 2024 https://docs.google.com/document/d/1jqrb72jxsPzKak5BPJNuhE7cc0eq-1l4B2sDnoba2g0/edit?usp=sharing


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