I am a salaried individual and my company has paid tax on my behalf. I have interest income from FD for which the tax liability is around Rs.10,000/-. This is less than 10% of my total tax liability. Meaning, I have paid more than 90% of total tax payable.
While filing ITR for AY 2021-22, income tax portal is asking me to pay interest u/s 234B and 234C
I have read few articles which says interest u/s 234B and 234C is when total tax paid before 31st March 2021 is less than 90%
Also, If I change interest income such that tax liability is less than Rs.10,000/-, say Rs.9000/-, interest u/s 234B and 234C disappears from portal
I would like to know where am I going wrong here. Am I supposed to pay interest u/s 234B and 234C?
CAclubindia
