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Interest under section 234

This query is : Resolved 
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(Querist)
17 December 2012 Sir,

I have paid first installment of Advance tax U/s 208 but I failed to pay on or before due date i.e. 15 sept 2012. I paid that installment on 15 october 2012.
My query is that, interest will be levid on how many days?

thanks
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
17 December 2012 If you pay the advance tax installment late even by a single day, interest liability for 3 months will arise. So if you pay on 15-10 or 15-12 it will not make any difference.
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