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interest u/s 234B & 234 C

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(Querist)
11 July 2008 Tax on Total Income Rs.377,513/-
Less: TDS deducted Rs.366,078/-
Less: Advance Tax Rs. NIL
Balance Payable Rs. 11,435/-

Interest u/s 234 B Rs. 456/-
Interest u/s 234 C
1- 103
2- 206
3- 114 Rs.423/-

Total interest Rs. 879


As per sec 234B interest is payable if advance tax paid is less than 90% therefore, here Advance Tax Paid is Zero.

Further, 234C is for shortfall of advance tax installment.

Pls tell whether the above calculations are correct and if not please provide the same urgently,

Thanks & Regards

Sushil
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CA. Yayati Tyagi

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CA. Yayati Tyagi (Expert)
11 July 2008 assuming return is filed in Jul, calculation is correct.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
18 June 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp




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