Interest payable or not
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 July 2013
I am filing my return for the assessment yr 2013-14 I have to pay remaining tax although TDS have been deducted regularly.Should I pay interest also on the remaning tax?
09 July 2013
If the tax paid by your or TDS deducted from is less then 90% of the Assessed Tax then you will have to pay interest u/s 234B.
If your Total Tax Liability is more than Rs. 10,000/- you will have to pay interest u/s 234C if there is any deferment in payment of advance tax.
To calculate the quantum of interest go to link given below and put the required data---
https://finotax.com/itax/intt234.htm
If your Total Tax Liability is more than Rs. 10,000/- you will have to pay interest u/s 234C if there is any deferment in payment of advance tax.
To calculate the quantum of interest go to link given below and put the required data---
https://finotax.com/itax/intt234.htm
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 July 2013
this website having problem not able to open
09 July 2013
Please try after some time its opening at my end.
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