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Interest u/s 234A

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03 August 2009 For the Assessment Year 2009-10,an assessee had tax payable of Rs.10000.00.The tax sahll be paid during this month(August)but due to certain circumstances the Return can be filed only on December.Kindly guide me how to calculate Interest under Sec 234A.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
05 August 2009 Interest liable from the last date of filing to the date of payment of tax

Hence interest for one month @ 12% p. a. i. e. 1% of Rs. 10,000/- = Rs. 100/-
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