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

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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 ??

Replies (1)

in both cases 234b,and  C is applicable, it relates to total tax liability including TDS


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