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Income tax interest

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Immanuel

Engineer

26 Points Posted on 06 December 2021

Sir,

Which challan should be used for paying interest on incometax under scetion 234B and 234C? Earlier Challan ITNS280, had an other's option. But now it does not. Should i choose "Advance Tax" as this is an interest payment against that?

Regards

Immanuel

Replies (2)

Quick Summary

This discussion addresses the correct challan for paying income tax interest under sections 234B and 234C. The original poster noted the 'Others' option is no longer available on Challan ITNS280 and questioned whether 'Advance Tax' is appropriate. A response suggests using 'Self Assessment Tax' for AY 2021-22, while also highlighting that sections 234B and 234C have distinct meanings.