Self-assessment tax query

Hi,

Sakitram, If you paid self assessment tax as on 31/08/2012 and balance tax payble was 0 on that date , and next day tax liab. due to sec. 234A shows  then it is system problem you should download fresh ITR from Directorate of Income Tax and upload it.

Interest U/s 234A pay only when any tax liability payble after due date.

Interest u/s 234 A is 1% per month or fraction of the month on tax payble.

And also 234 B will be rise in your case.

@ Alok Srivastava

Here, the problem is that I did not pay that self assessment tax on 31/08/2012.  Because that time I did not know that I should pay this tax amount and make tax payable amount is 0 in ITR before doing filing. 

Now once I get to know all about this, I just now paid  (06/09/2012) with the reference of that ITR-V.  And then I tried to revise the ITR to re-submit, then only I found that the Interest is raised further by Rs. 437.

Yes sakitram........there is Interest u/s 234A for 1 month @ 1% on tax payble and 1% per month for 6th month on tax payble in Rs. 437.

Thanks.

Now my question is to pay this balance amount Rs. 437 through online as self-assessment the following breakup is correct or not.

Tax (basic tax) = 0.00
Surcharge (not applicable)= 0.00
Penalty (not applicable) = 0.00
Education cess (3%) = 0.00
Interest (ie 234B,234C or any other interest) = 437.00
Other = 0.00
Penalty = 0.00
Total = 437.00
 

Thanks

Please somebody give advice for my above query.

Thanks

YES, YOUR BREAKUP IS CORRECT