I have received 1313/- on savings account which is not incuded in the Form 16. I will have to pay some tax befor filing the reaturn . Do I need to pay any interest u/s 234 fro Mar to july while paying the atx
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Tax on interest income
Replies (2)
Hi... the interest income u recd is not big... You jst need to add it to ur other incomes...
And if thereafter any tax liability arises, u need to pay interest on that tax..(interest on tax wil b charged oonly if u file ur return after 31st july, othervise not).
For e.g, before interest income, ur other incomes aggregate to 149000/-, and afterwards 150313/-,, so u gotto pay tax on 313 rs.
yes, i agree with mr.Diraj
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