Interest u/s 234A,B,C
This query is : Resolved
11 June 2011
Plz calculate Interest under section 234A, 234B, 234C
A.Y.2011-12, Date of Filing 11/06/2011, Due Date:31-jul-2011,
Net Taxable Income :877922
Tax on above :117377
Edu cess: 3521
Total Tax & Cess:120898
TDS Paid:
B4 15 sep 10 :12823
B4 15 Dec 10: 13130
B4 15 Mar 11: 31456
Total TDS :57409
Thank You
A.Y.2011-12, Date of Filing 11/06/2011, Due Date:31-jul-2011,
Net Taxable Income :877922
Tax on above :117377
Edu cess: 3521
Total Tax & Cess:120898
TDS Paid:
B4 15 sep 10 :12823
B4 15 Dec 10: 13130
B4 15 Mar 11: 31456
Total TDS :57409
Thank You
12 June 2011
1)234A: Since return has been filed before the due date no interest u/s 234A is to be paid.
2) 234B: As 90% of the tax by way of advance tax has not been paid 234B is to paid from 1.4.2011 till filing of return i.e 30.6.2011 on 63489 which come to 1905/- This is to be calculated up to date of the assessment order but if you have paid the balance tax payable before filing of the return and there is no difference in assessed income and returned income then whatever you have paid shall be final otherwise you have to pay more.
234C Rs. 1905
2) 234B: As 90% of the tax by way of advance tax has not been paid 234B is to paid from 1.4.2011 till filing of return i.e 30.6.2011 on 63489 which come to 1905/- This is to be calculated up to date of the assessment order but if you have paid the balance tax payable before filing of the return and there is no difference in assessed income and returned income then whatever you have paid shall be final otherwise you have to pay more.
234C Rs. 1905
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