For AY 2014-15 - my Net Income was 3.25 Lacs & the tax Payable 10200, I paid Tax on 29 Feb 2016.- 10200 + Interest 2600 = 12800.
Question
1. Can I file my IT Return now ?
2. Is the interest calculation OK ?
Thanks
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Income tax return
Replies (2)
Return can be filed by 31st March 2016.
You can file your ITR for AY 2014-15 upto 31/03/2016. If you are a resident individual not being a senior citizen
Tax liability on Rs. 3,25,000/- = Rs. 10815/- (Not Rs. 10200/-)
Interest on it, if you file it on 23/03/16 (tomorrow) = Rs. 4938/- (Not Rs. 2600/-)
You may calculate the same as per following link --
https://www.incometaxindia.gov.in/pages/tools/income-tax-calculator-234abc.aspx
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