234a, 234b and 234c

2028 views 7 replies

PPT ON 234A, 234B AND 234C


Attached File : 149668 884941 ppt on 234abc.ppt downloaded: 568 times
Replies (7)

Here I am atttaching a file to calculate Interest on 234A 234B &234C..

Hope it usefull to all....

 

THANK YOU SANJAY BHAIYA FOR THE PPT EXPLANING IN VERY SIMPLE WORDS.....CONTINUE SHARING.


THANK YOU TO SANKET ALSO FOR ADDING VALUE BY SHARING THE INTEREST CALCULATOR....CONTINUE SHARING

thnx sir 4 dis gud thought...

Thanks for sharing the PPT and the calculator.

I have few doubts Sanjay on the PPT. In the 3rd page of PPT under 234B interest, you mentioned - 234B is payable if advance tax paid is less than 90% of the assessed tax. I was not clear about the definition of assessed tax, is it = total income tax liability - TDS.

That also means that even if TDS paid is more than 90% of the total income tax liability, interest under 234B is still applicable if there is a shortfall in the payment of advance tax. Is that correct ?

Thanks again.

 

@ Vaibhav--

1)  Assessed tax mean actual tax liability.

2) TDS is also a sort of advance tax, so if TDS deducted from you is 90% or more Sec 234B will not be applicable. Also appreciate advance tax to be paid is calculated after considering the TDS already deducted from you.

Thanks Sanjay for the clarification.

The reason I asked because recently I got a demand from the IT dept to pay interest u/s 234B for AY 11-12 even though TDS deducted was more than 90% of my total income tax liability. I hadn't paid any advance tax (other than TDS) though. Looks like IT dept miscalculated the interest u/s 234B. What do you think ? 

Appreciate your help.

Yes they do on number of occasions. Many times there calculation do not match with ours. But no problmes the same will be rectified upon submission of facts.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT, CA SemiQualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
23 July 2026
Senior Accountant

Felicity Adobe LLP

Bengaluru

CA Inter

View Details
Company
22 July 2026
Senior Chartered Accountant

SKSS

Patna

CA

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

Sahil Agarwal & Company

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 15 July 2026
CA Articles

Kinjal H Shah & Co.

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details