Interest u/s 234b

from the 1st day of April next following such financial year to the date of determination of total income

Interest under Sec 234B is payable upto the date of payment of Tax (if paid before assessment). Please refer sub section 2 of sec 234B. Please note that Intt u/s 234B is payable only if tax paid is less than 90% of tax payable.

Dear CA Santha Kumar,

Please read the Reply of Mr.Nitesh Matta and Mr. D.C.Bansal together. Interest U/s.234B is payable till the payment of taxes. If the Assessment is made u/s.143(2) or 144 and assessing more income than returned, the 234B interest is Payable till the determining the Taxable Income