Sec 234b
Querist : Anonymous
my total tax liability was 126178
tds deducted was 94725
self assessment tax 29000 in 28/7
so liability under 234b works out as
126178-94725=31453
31453*1%*4=1258
pl advise whether my calculation is right or 2191/- calculated by it.
please help
if i am not wrong the interest is payable from 1 April of the assessment year to the month of determination of assessed tax.
Querist : Anonymous
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