Last date of submitting self assessment tax?

No

Yes, if ur total tax payable exceeds Rs. 5000, interest will be attracted under Sec. 234 B and C if you have not payed the required percent of advance tax.

Hi,

My Total tax payable is 67,000 while I have already paid 52,000 as TDS. Does remain 15,000 attract interests? At what rate?

Yes it will attract interest.  You might have to pay a small amount as interest: (approx Rs.540) under sec 234c

Please read these sections:

234B.(1)  Subject to the other provisions of this section, where, in any financial year, an assessee who is liable to pay advance tax under section 208 has failed to pay such tax or, where the advance tax paid by such assessee under the provisions of section 210 is less than ninety per cent of the assessed tax, the assessee shall be liable to pay simple interest at the rate of 2[one per cent.]  for every month or part of a month comprised in the period from the 1st day of April next following such financial year [to the date of determination of total income under sub-section (1) of section 143 3[and where a regular assessment is made, to the date of such regular assessment, on an amount] equal to the assessed tax or, as the case may be, on the amount by which the advance tax paid as aforesaid falls short of the assessed tax.]

In this section, "assessed tax" means the tax on the total income determined
under sub-section (1) of section 143 and where a regular assessment is made, the tax on the total
income determined under such regular assessment as reduced by the amount of,—
(i) any tax deducted or collected at source in accordance with the provisions of Chapter XVII on any income which is subject to such deduction or collection and which is taken into account in computing such total income;

234C. (1)2[Where in any financial year,-

(b)  the assessee, other than a company, who is liable to pay advance tax under section 208 has failed to pay such tax or,-
(i)  the advance tax paid by the assessee on his current income on or before the 15th day of September is less than thirty percent of the tax due on the returned income or the amount of such advance tax paid on or before the 15th day of December is less than sixty percent of the tax due on the returned income, then, the assessee shall be liable to pay simple interest at the rate of 4[one per cent] per month for a period of three months on the amount of the shortfall from thirty percent or , as the case may be, sixty percent of the tax due on the returned income;

(ii) the advance tax paid by the assessee on his current income on or before the 15th day of March is less than the tax due on the returned income, then, the assessee shall be liable to pay simple interest at the rate of 4[one per cent] on the amount of the shortfall from the tax due on the returned income:]

My total tax payable is Rs 4959 of which Rs 1216 has been deducted at source. Rs 3743 is outstanding. Could you please let me know whether this would attract any interest?

Can anyone tell me the last date of income tax return i.e. 30th sept 2008 is expandable.

I need to pay the self assessment tax for the financial year 2007-08  for Rs. 208250/-  on behalf of the company. Where i have to pay the tax and through which bank ?

this is first time we are paying please let us know.

will Income tax Last date extend from 30 th sep, 2008 for the a.y. 2008-09 ?

advance tax gurinchi

hi

NOTIFICATION OR CIRCULAR FOR INCOME TAX RETURN DATE EXTENDED FOR THE ASST. YEAR 2007-08 FOR INDIVIDUALS & HUF HAVING BUSINESS INCOME

Thanks !