Advance tax query
This query is : Open
27 July 2017
I have total capital gain income (received quarterly) of Rs 5244400.I have paid advance tax of Rs 640000 on 14th March 17.How to calculate amount of interest to be paid u/s 234C?
(Total tax amount=Rs 810662)
27 July 2017
Interest under 234c is calculated as 1% × ( 810662-640000) × (no of months from date of capital gains transaction upto March 2017)
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