23 July 2012
I have salary income & interest income. My salary Income Rs.2680100 on that TDS deucted by compnay Rs.668501/-( Senior Citizen) My interest income is Rs.27850/- on which Tax is 8606/- which I wnat to pay now. Pls let me know on this amount i.e tax Rs 8606/-whether interest u/s 234B & C is applicable & what is the interest amount.
23 July 2012
Dear Sir, Plz check your tax liability from other sources does not exceed Rs. 10,000/- in case of advance tax so you are not liable to pay interest under Sections 234B & C. Thanks
CAclubindia
