amount of interest

10851

interest will b calculated on Rs.10851/-

it will b calculated @ 1% simple interest p.m or part of month on the defulated amount till date of determination of totatl income u/s 143(1) r date of regular assessment

Amount on which int. calculated is 10851 & amount of int u/s 234b is 24.08i.s.it`s charged from 1st April to till the date of filing of return

As per the income tax act 1961 if the net tax payable exceeds Rs 10000 then the provision of advance tax would be applicable.

Since in this case the net tax payable is Rs 10851.00 then interest u/s 234a,234b &234c would be levied

the amount of interest u/s 234b would be 1% per month or part thereof from 1st of april of the A.Y Till the last date of filling of income tax return

interest u/s 234a would be 1% per month or part therof from the date following the last date of filling income tax return to the date of filling income tax return(payment of tax) or completion of assesment whichever is earlier.

Amt 10851..

234b is lies on payment of advance tax after return filing date.

there is no interest lies on late filing of return. there is only penelty u/s 137(4).

i think u r asking a that u have paid the advance tax after return filing date then interest of u/s 234 b is lies on.

interest shall be on Rs.10851.interest shall be 1% p .m or part of the month.

there is also interest u/s 234A .

Interest will be calculated On Rs.10851.

Interest Will be calculated on 10851 rs & will be payable from 1st april to till date of pay of tds

Dear,

If i am wrong, Please rectify me,

U/s 234B Interest will be charge on Rs.10800/- not Rs.10851/-  from April to date of payment of Tax

Thanks

TRILOCHAN

Interest will be calculated On Rs.10851.

simple  interest rate 1% permonth