calculation of intt. u/s 234B & 234C

Dear Sir

My total tax liability for the AY 2008-09 is Rs . 52761/-. so tell me the interest U/s 234B and 234 C and how to calculate it.

Regards

gauri

Tax to be paid after assessment is Rs.6288/-.  Please, how much I have to pay towards 234B & 234C section.

Please clarify.

C.Kesavan

Hello, is it true that there is no tax payable under 234B if 90% of the required advance tax has been paid (AY 2008-09)? The tax calculator spreadsheet in the share section (great tool!) does not seem to apply this rule. Am I missing something? I interpreted "advance tax" as any component of tax paid in advance of March (including TDS). Is there a distinction made between TDS for salary and advance tax for other forms of income like rental income? I did try the calculator with values of more than 90% advance tax paid (without considering TDS component) but the calculator did not seem to recognoze the 90% rule.  Thanks. - ranga

please send me interest calculator to my id   debasisr2 @ gmail.com

 I am going to file this month (i.e. July, 2008) my income tax return (ITR 2) for the financial year 2007-08 for which assessment year is 2008-09. I have to pay self-assessment tax before filing my above return because my net tax liability is more than what has been paid up to March 31, 2008 through TDS and advance tax. I know that the shortfall has to be paid by me before return is filed. Now would anyone tell me how much total penalty (by way of interest, etc.) I have to pay on the amount of shortfall ? I take it like this that I have to pay simple interest at the rate of 1.5% on the shortfall for every completed month or part thereof w.e.f. April 1, 2008 till the due date of filinfg return (i.e. July 31, 2008). Please confirm or clarify. Laws should be made simpler. A very early reply will be appreciated because time at my disposal is very short..

K.Bhattacharya

Kindy send me calculator for computing interest u/s 234-A, 234-B & 234-C to file the return for the AY 2008-09.

Income tax due for the previous year was 13765/- i have deposited the self assessment tax on 31-7-08, pls send me details.

thanks

hi all,

any one plz tell me howz to calculate interest U/s 234B & 234C.

if Total Tax payable is 133207 including edu cess

and Advance tax is as follows:

in sep   32543

in Dec  20000

in march  34696

Thanks

praveen

hi all,

any one plz tell me howz to calculate interest U/s 234B & 234C.

if Total Tax payable is 133207/- including ecess

and Advance tax is as follows:

in sep   32543

in Dec   20000

in march  34696

Thanks

sunny

hi all,

any one plz tell me howz to calculate interest U/s 234A , 234B & 234C.

if Total Tax payable is 133207/- including ecess.

and Advance tax is as follows:

in sep   32543

in Dec  20000

in march  34696

Thanks

Hi,

  I want to know how much tax i have to pay ,

my net tax is 14800 Rs

tax paid in sep - 2782

tax paid in sep-dec - 00

tax paid in dec-march -- 3867

-----------------------------------------

According to me , U/s 234A - 740Rs

U/s 234B --- 148 Rs

and

U/s 234C -- 110+386+148 Rs

----------------------------------------------------------

Can anyone verify it ....

Thanks in advance

Rahul Jain

my income tax is 44165.79 pls tell how much interest will be charged u/s 234 as my company is proprietor ship concern.

Net Tax with education cess = 45489 Rs (Net tax + edu cess)

assuming You have not paid tax till Aug

U/S 234 B  =  2270

U/S 234C = 397+794+454

U/S 234A = 454

With Regards,

Rahul Jain