advance tax payment

You have to pay simple interest @ 1% on 4000/- u/s 234 B,

As an assessee who has paid advance tax but the amount of advance tax paid by him is less than 90% on assessed tax  - simple interest @ 1%

Yes, Mr Ramanju is right

1% pm to be calculated on the amount of short fall. In your case it is on Rs. 20,000

I am extreemly sorry   

interest 1% on 20000/-  not in 4000/-

Hi,

What if I paid 10000 in may and rest now?

Regards

Amit

Thanks every one for responses. This will be called as "interest due to deferment of advance tax (section 234C)" or " default in payment of advance tax(section 234B)" ?

Look forward to your responses to

"Thanks every one for responses. This will be called as "interest due to deferment of advance tax (section 234C)" or " default in payment of advance tax(section 234B)" ?"

Amit

what is the provision of income tax if 90% or more of advance tax has been paid during the year. can we pay balance tax ie.10% or less is to be paid without interest.