SIR,
If somebody has not filed IT return for the last year till now, is it possible to file the same now?( 2007-08 & 2008-09),
for 2007-08, Taxable amount was Rs 1923233, I have all ready paid TDS of Rs13975.
As per my calculation for Tax i need to pay Rs 13646.60
What would be the extra amount(Intrest) i need to Pay Under Section 234A to file my returen.
Do i need to pay any intrestU/s 234A for Asseesment Year 2008-09.
My TDS was Rs 21051 ( Taxable amount Rs232192).
Pleas Guide.
Regards.
Ketan
Hi all & Wish you Very Happy & Prosperous Diwali,
I had 2 employments in 07-08, but the 2nd Emp did not consider salary frm 1st Emp.
Now my Total tax is coming 119000/- & edu cess is 3467/-
Below are the details of Tax payment by my emp
Emp 1
|
May07 |
Rs.716/- |
|
June07 |
Rs. 1389/- |
|
July07 |
Rs. 52325/- |
|
Aug07 |
Rs. 2634/- |
|
Total |
Rs. 57064/- |
Emp2
|
September |
Rs. 3801/- |
|
Oct07 |
Rs. 3802/- |
|
Nov07 |
Rs. 788/- |
|
Dec07 |
Rs. 788/- |
|
Jan08 |
Rs. 788/- |
|
Feb08 |
Rs. 3203/- |
|
Mar08 |
Rs. 3229/- |
|
Apr08 |
Rs. 6613/- |
|
Total |
Rs. 23012/- |
Hence as per my knowledge remaining tax liability is coming to be Rs. 42391/- Which I am planning to pay (& file returns) by 31 Oct. However I am unable to understand how much interest I have to pay under 234 A, B & C.(what is aditional amt if I pay next month in Nov)
Please help me out, also I am filing the returns online & want to know which challan is to be used.
Shrikant
i AM A SALARIED PERSON, i WANT TO FILE PERSONAL RETURN ON 15.11.2008 , I HAVE TO PAY TAX ARROUND RS. 12000/- PL GIVE ME THE INTEREST CALULATOR SO THAT I CAN CALULATE THE INTEREST ACCORDING TO SECTION 234A, 234B, 234C
| Originally posted by :Guest | ||
| " | SIR, If somebody has not filed IT return for the last year till now, is it possible to file the same now?( 2007-08 & 2008-09), for 2007-08, Taxable amount was Rs 1923233, I have all ready paid TDS of Rs13975. As per my calculation for Tax i need to pay Rs 13646.60 What would be the extra amount(Intrest) i need to Pay Under Section 234A to file my returen. Do i need to pay any intrestU/s 234A for Asseesment Year 2008-09. My TDS was Rs 21051 ( Taxable amount Rs232192). Pleas Guide. Regards. Ketan |
" |
Hi Ketan,
You can file your return till march 09 (assessment year 2008-2009) but there may be chances to audit your account.
For year 2007-2008 , you can file you return, but you have to pay interest U/S 243A ,234B and 234C.
To calculate i need all detail , total taxable income , tax deposite detail ...
If you provide me, i may be help you. Pleasee feel free to ask any question.
Rahul Jain
email ID- rahul_jain_81 @ rediffmail.com
| Originally posted by :Guest | ||
| " |
Hello Shrikant, Please give me detail ,your taxable income -- other detail you have already provided. For assessment year 2008-2009, you have to pay addtional interest U/S 234A, 234B and 234C. Provide me detail then i will be able to calculate your balance tax ... With Regards, Rahul Jain |
" |
|
Check online calculators https://www.etaxindia.org/
Originally posted by :M Verghese |
||
| " | Assuming that self assessment tax is paid this month (August), Interest u/s 234B for default in payment of advance tax is Rs.664 (1% of Rs13270 for 5 months)Interest u/s 234C for deferment of advance tax is Rs.846Interest u/s 234A at 1% will also be added as return is not filed by 31/07/08 (Rs.133)I assume education cess has already been included in total tax Rs.28270. | " |
| Originally posted by :Guest | ||
| " | Please Tell Me For caluclation interest u/s 234A, 234B, 234C | " |
| Estimated FBT for the Assessment Year | FBT TO BE PAID 202252 | ||||
| 2009-10 | |||||
| FBT DUE | FBT PAID | DEPOSIT DATE | |||
| Advance tax | 15th June 2008 | 12% | 202252 | 40000 | 13.06.2008 |
| 15th Sept 2008 | 36% | 75000 | 15.09.2008 | ||
| 15th Dec 2008 | 75% | 50000 | 15.12.2008 | ||
| 15th Mar 2009 | 100% | 41000 | 13.03.2009 | ||
| Total | 206000 | ||||
| Originally posted by :Guest | ||
| " | I want Interest Calculator | " |
| Originally posted by : Guest | ||
 |
Could you please send the Interest Calculator u/s 234 of the Income Tax Act : 234(a), 234(b) & 234(c) Thanks |
 |
Dear Sir/madam
in fin yr. 2007-08 my company cut 10846/- TDS
I filed ITR1 as per for 16 provided by company
Now (26/03/10) I have received a letter dt 12/2/10 from IT Dept to pay 350/- under u/s 234 C
What is that?
Why my company has not deducted that in TDS only?
How much should I pay Today?
After paying tax do I need to file revised return?
Pls guide me
mail me at y.varun @ rediffmail.com
Thanks
Varun
1% interest calculation for the shortfall in march is on the premise that advance tax ought to have been paid on or before 15th march to the extent of 100% of the estimate and therefore interest for any shortfall is counted up to 31st of march and payable accordingly ( remember interest @ 1% for 3 months is counted from 15th Dec to 15 th March ) and hence there is no overlapping
please send me calculation of 234b & 234c on my email id harshad @ atharvas.com
plz. anyone send me interest calculator. my id is vashisth51 @ yahoo.com.
Attached herewith, please find two worksheets containing the income tax computation with the calculation of Interest under the sections 234A, 234B & 234C also downloaded from this website, incorporated with the income-tax computation. Hope you all find it useful. Cheerio !!
CAclubindia
