interest 234 B

This query is : Open

ALPA Sukhia (Querist)
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02 July 2011 Dear all,

Please help me in calculating interest U/s.234B for AY 2009-10 for Companies if Tax on income (after surcharge and educ cess) is 7,08,81,137/- TDS Paid 42,80,990/- no advance tax paid and self assessment tax paid in march 2010 65295969/-. Intimation U/s.143(1) 15-6-2010. Kindly reply immediately it is urgent

CA Vanesh Nadar

CA Vanesh Nadar (Expert)
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02 July 2011 Working for Interest u/s 234 B/C

Tax on Total Income (incl. SC+EC+SHEC) 70,881,137
Less: Tax Deduction at Source 4,280,990
Tax Payable 66,600,147
Add: Interst u/s 234B/C
234B 3,363,307
234C 8,498,398 11,861,705

Less: Paid on Self Assessment 65,295,969
Balance Tax Payable 13,165,883

CA Vanesh Nadar

CA Vanesh Nadar (Expert)
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02 July 2011 INTEREST U/S 234C

1st Install 299,701 9,990,022
2nd Install 899,102 29,970,066
3rd Install 1,498,503 49,950,110
4th Install 666,001 66,600,147
3,363,307

INTEREST U/S 234B

For 12 Months 7,992,018
For Balance Payble (4 Months) 506,380
8,498,398

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