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Interest payable on income tax liability

This query is : Resolved 

Querist : Anonymous

Querist : Anonymous (Querist)
My tax liability for the AY 14-15 is Rs 4160/- after TDS. Is any interest is payable on it. If yes, what is the rate of interest and how period is calculated? And if no,what is amount which is exempted from interest ?


No interest payable on the liability less then Rs 10,000/- during the year.....

So in your case interest is not payable......

no int is applicable in this case................

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