Rounding off for calculation of Interest u/s 234A/B/C

Rounding Off - Rule 119A For the purpose of calculation of interest payable or receivable by the assessee, the amount on which interest is to be calculated shall be rounded off to the nearest multiple of Rs 100 and any fraction has to be ignored.

Illustration If income tax liability is 143575 and 43500 has been paid as TDS/SAT For the purpose of calculation 234ABC interests, 143575-43500=100075 As per Rule 119A, 100075 has to be rounded off to 100000 thereby ignoring the fraction 75. Note: included the above redundant illustration only to get this reply posted. For some reason simple replies are not allowed to be posted on this forum