Interest U/s 234 B , 234 C of Income tax act,1961.

sambhav (student) (73 Points)

14 May 2011  

Please reply in context with A.Y. 2011-12.


A person Mr. X an Individual is a Salaried Employee & earns etc etc....

Total tax as Computed on such Income is Rs 2,00,000.

TDS Deducted by Employer is Rs 175,000 and No other tax is paid.

Is Mr.X liable to pay Interest u/s 234B,C...??

 

What if TDS Deducted is Rs 1,95,000 ??