provisions of section 234A, 234B, 234C
This query is : Resolved
29 July 2008
Dear Sir,
I am a salaried person, having deducted TDS by my employer. But since i hv changed my employer last year so i have different form 16 and both have given me the benefit for basic exemption. so my TDS deducted is less than what should be liable, Hence pls make me understand that if i file IT return after 31st july 08 what would happen and if i pay tax after 31st july 08
I am a salaried person, having deducted TDS by my employer. But since i hv changed my employer last year so i have different form 16 and both have given me the benefit for basic exemption. so my TDS deducted is less than what should be liable, Hence pls make me understand that if i file IT return after 31st july 08 what would happen and if i pay tax after 31st july 08
29 July 2008
you need to pay intt. @ 1%P.M.
30 July 2008
If your tax exceeds more than Rs.5000/- Sec 234B & C will attract. Otherwise only u/s 234A will attract @ 1% pm
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