Income tax interest calculation with penalty

Hi,

Anybody Suggest- regarding  Income Tax  Calculation

i have tax Liability of Rs 3500/- for The F.Y. 2010-11, now i want to Deposit tax into Bank  ( Return Already Submit - Now i want to revise return after pay the tax )

can anybody suggest how to calaculate Income Tax Calculation with Penalty & interest & Which Method ( 234 A, B or C ) upto June 2012  - Show as self Assessment Tax

 

Replies (1)
Originally posted by : Vikas

Hi,

Anybody Suggest- regarding  Income Tax  Calculation

i have tax Liability of Rs 3500/- for The F.Y. 2010-11, now i want to Deposit tax into Bank  ( Return Already Submit - Now i want to revise return after pay the tax )

can anybody suggest how to calaculate Income Tax Calculation with Penalty & interest & Which Method ( 234 A, B or C ) upto June 2012  - Show as self Assessment Tax

 

Interest u/s 234A will be leavied at 1% per month from 01.08.2011 to date of filling of return on the amount of tax liability

No interest u/s 234B and 234C as the amount of tax is less than 10,000

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