If the Self Assessment Tax is paid in instalments, then how will we calculate interest U/s 234B?
For example,
Tax payable less TDS and Advance Tax : 226144
Self Assessment tax
Rs.200000 paid on 31/05/12
Rs.53253 paid on 25/09/12
( difference in tax payable and S.A.Tax is due to Interest u/s 234C)
I want to know the calculation in this case...
This case is related to AY 2012-13. Please reply..
First mention the Financial Year to which the above data pertains.
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CAclubindia
