Adv tax 234a ,b,c

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Querist : Anonymous (Querist)
12 March 2012 how it will effect on interest cal of the following case?


if adv tax is paid as on 15.03.2012 &
adv tax is paid as on 31.03.2012.


how much interest on quarter is payable u/s 234b &c? how much extent month extra int is required to pay?



12 March 2012 The interest would be calculated from the next day of due date till the date of payment as per the prescribed rate

12 March 2012 If Advance tax is paid after 15th March then interest liability u/s 234B may be reduced, however payment made after 15th March will not be considered for calculation of interest u/s 234C.




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