Interset u/s 234 b & c
Querist : Anonymous
I am looking for interest calculation u/s 234 B & C in my following case.
For A.Y.2014-15, TOTAL Tax Payable is Rs.13,58,313/-(Including Surcharge & Cess
).
I paid Rs.12,00,000/- as self assessment tax on 16/9/14.
I have filed my return with balance tax on 30/11/14.
what is my Interest amount u/s 234 B & C?
how much i have to paid with return as a self assesment tax?
Best Regards
Naresh Poriya
regards
Pradeep kumar
under section 234B
Upto Sep 2014 81,498 (1358300x6x1%)
upto Nov 2014 3,166 (158300x2x1)%
Under section 234C (assumed as non corporate assessee)
For first installment 12225 (1358300x3x1%x30%)
For Second installment 25000 (1358300x3x1%x60%)
For Third installment 13583 (1358300x1x1%x100%)
In my opinion, for section 234B, calculation will be
a) Upto september (1358313*1%*6)=81499
b) Oct-Nov (1358313-1200000)*1%*2)=3166
Regards
Pradeep Kumar
Querist : Anonymous
Querist : Anonymous
My mail Id is canareshporiya09@gamil.com
it my pleasure to heared you.
Rgds
CA Naresh poriya
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