Interest u/s 234b & c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 July 2012
My salary taxable income is Rs.708992/- so my liability for salary income is Rs.73798/- My TDS deducted from salary is Rs.104524/-. I have consultancy business profit of Rs.136750/-So My total income is Rs.845742/- & on this income my tax liablity is Rs.108894/- & TDS deducted is Rs.104524/- Balance Tax payable is Rs.4370/-. Pls let me know whether I have to pay interest u/s 234B & C. Pls guide
26 July 2012
No, as your tax liability except amount of TDS is below Rs. 10000/-.
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