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pls calculate interest u/s 234 A, B & C.

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(Querist)
16 October 2008 My ( Individual) Tax amount in the A.Y. 2008-09 is Rs. 202/-. in the month of october i am planning to file my return. so pls caculate interest amount u/s 234A B & C of income tax act 1961.

Vikash
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
16 October 2008 Pl furnish the following to answer the issue:-
1)Due date of filing of your return.
2)Tax due on your total income.
3)Advance tax payment details.
4)TDS details.
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Bharath Kumar

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Bharath Kumar (Expert)
16 October 2008 Since the amount due is less than Rs.5000, interest u/s 234B & C will not apply. You will have to pay interest u/s 234A @1.50% p.m. for each month of delay in filing
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
16 October 2008 Is it 1.5% or 1% per month.
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Bharath Kumar

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Bharath Kumar (Expert)
17 October 2008 It is 1% per month
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