Hello,
As per my friend, his total tax liability for AY 2021-22 is 1.7Lakhs, out of which 97k has already been paid till apr'21 by his employer. Now for remaining tax liability of 73k, I would like to understand if he would have to pay interest while filing an ITR? If yes, how much?
Please refer section 234B and section 234C of the Income-tax Act, 1961 for interest computation
Thank you for the information.
CAclubindia
