Interest u/s 234a, 234b and 234c

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Anil Bhandari

Anil Bhandari (Querist)
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17 December 2011 What is interest u/S 234A, 234B and 234C?
How is it calculated?

Abhishek Ranjan Singh

Abhishek Ranjan Singh (Expert)
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17 December 2011 234 A - Deault - Failure to furnish return within due dates, i:e 31st July or 30th September

234 B - Default - Non payment of Advance Tax(at least 90% of ur liability)

234 C - Default - Deferment of Installment of Advance Tax

For Calculation you can use following online calculator
http://www.simpletaxindia.net/2010/07/234-234b-234c-interest-calculator-free.html

Abhishek Ranjan Singh
ARS Solutions
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