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Sec 234

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Querist : Anonymous (Querist)
07 September 2011 How to calculate int u/s 234 a ,b and c with example
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Tushar Desai

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Tushar Desai (Expert)
07 September 2011 1% monthly interest on due balance...

For exa: XYZ has annual tax liability of 20k.

Thus, he must pay 3000/- by 15th June
6000/- by 15th Sept
12000/- by 15th Dec
20000/- by 15th Mar

Any mismatched amount means ... start calculating 1% monthly on that amount

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