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Interest on tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 September 2012 Dear Sir,
Self assessment tax in AY 2012-13 is Rs. 9249/- and excel utility of itr 4S has calculated interest on tax is Rs. 118/- on 09/09/2012. Whether the calculation is correct and which rate it is calculated.

Please clarify.
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Taxguy

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Taxguy (Expert)
09 September 2012 The calculation in utility is correct, hope you have substantial income other than presumptive income and hence the interest.
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Querist : Anonymous

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Querist : Anonymous (Querist)
10 September 2012 this is presumptive income u/s 44AD
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