good evening sir,

supoose a salaried class person. whose tax liablity is 4500 for the f.y 2011-2012. than return date is 31 july 2012. but supoose he will fill their return before 31 march 2013. than he will paid intrest @ 1%. but if he fill their return after 31.march 2013. than he will paid both interest and panelty 5000.sir i am right or wrong please reply