Calculate interest u/s 234c

CMA (Inter / Final) 453 views 2 replies

how to calculate interest on advance tax u/s 234C

Details:

Taxable income - 132052, Tax liability before TDS deducting - 136951, Education cess - 4109, TDS - 3597, Capital Gain - 32660, Advance Tax payed in 2013-14 - 100,000(31-3-2014). Interest u/s 234A - 748, u/s 234B - 2992. So how i calculate interest u/s 234C.

Replies (2)
Format for computation:

Tax on income
add: Edu cess
Total (1)
less:Tds
Total (2)
less:advance tax paid
Total (3)
add: interest u/s 234 a,b,c

IF YOU FILE ITR THROUGH SOFTWARE THAN YOU NEED TO FILL ONLY YOUR DATA ,

AFTR THAT YOU SOFTWARE AUTOMATICALY CALCULTE YOU BALANCE TAX AND INTEREST 


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