pls calculate interest u/s 234 A, B & C.
This query is : Resolved
16 October 2008
My ( Individual) Tax amount in the A.Y. 2008-09 is Rs. 202/-. in the month of october i am planning to file my return. so pls caculate interest amount u/s 234A B & C of income tax act 1961.
Vikash
Vikash
16 October 2008
Pl furnish the following to answer the issue:-
1)Due date of filing of your return.
2)Tax due on your total income.
3)Advance tax payment details.
4)TDS details.
1)Due date of filing of your return.
2)Tax due on your total income.
3)Advance tax payment details.
4)TDS details.
16 October 2008
Since the amount due is less than Rs.5000, interest u/s 234B & C will not apply. You will have to pay interest u/s 234A @1.50% p.m. for each month of delay in filing
16 October 2008
Is it 1.5% or 1% per month.
17 October 2008
It is 1% per month
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