Interest under Section 234A...

Shivam RC (Student) (23683 Points)

21 January 2020  
Total Tax Liability : ₹ 1,00,000/-
Due Date of filling Return : 30.09.2019.
Date of filling Return is : 01.10.2019.

My question is will Interest u/s 234A will be levied in this case for 1 day delay ???

If YES , the computation ???

Will it be Rs. 1,00,000 × 1% × 1 = Rs. 1,000 ???

Reply ASAP...