Interest on 234c

parvesh garg (Student CA / Articleship)   (100 Points)

23 January 2017  


If some one paid Rs. 1,00,000 as advance tax on 31-03-2016. and his tax liability for that year (FY: 2015-16) was 1,50,000.

So my question is 

what is the amount on which interest u/s 234C is to be calculated. 1,50,000 or 50,000

Please provide the answer with solution..............