Interest u/s 234
This query is : Resolved
10 August 2011
how i calculate interest u/s 234 b & C of Company as on 31.07.11 for the a.y.2011-12 total income tax is 1513747/- & advance tax paid as on 15.03.11 is Rs.1200000/-. how to calculate no. of months and what is rate of interest.
10 August 2011
You are liable for Interest u/s 234B & 234 C.
234B of 3,13,747/- @ 5%
234C on 15% of 1513747/- @ 3% + 45% of 1513747/- @ 3% + 3,13,747/- @ 1%
234B of 3,13,747/- @ 5%
234C on 15% of 1513747/- @ 3% + 45% of 1513747/- @ 3% + 3,13,747/- @ 1%
10 August 2011
Under Sec-234C
30% of 1513747= 454124*3% (Int of 3Month)
60% of 1513747= 908248*3% (Int of 3Month)
100% of (1513747-1200000)= 313747*1% (Int of 3Month)
Under Sec 234B
313747*4% (Intt of 4 Month)
30% of 1513747= 454124*3% (Int of 3Month)
60% of 1513747= 908248*3% (Int of 3Month)
100% of (1513747-1200000)= 313747*1% (Int of 3Month)
Under Sec 234B
313747*4% (Intt of 4 Month)
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10 August 2011
Mr. Navin jain Ji
is slabe rate of advance payment 30%,60% & 100% or 15%, 45%, 75% & 100%? I m confused.
is slabe rate of advance payment 30%,60% & 100% or 15%, 45%, 75% & 100%? I m confused.
10 August 2011
is slabe rate of advance payment
30%,60% & 100% in the case of corporate assessee
and 15%, 45%, 75% & 100%. in the case of other than corporate assessee
30%,60% & 100% in the case of corporate assessee
and 15%, 45%, 75% & 100%. in the case of other than corporate assessee
10 August 2011
Mr. Jain Ji
i think it should be just opposit. pls tell, where i get this slab rate from?
i think it should be just opposit. pls tell, where i get this slab rate from?
10 August 2011
is company covered in corporate assessee?
10 August 2011
yes its opposite, wrong typing mistake by me
10 August 2011
thank you mr. jain ji
10 August 2011
I think Now you are fully cleared
11 August 2011
1 employee of my company leaves the job on 31.07.11 for 3 months and he comes back after 3 months and his his salary increas from 01.04.11 to 31.07.11 now he wants his 4 months arrear, what is procedure ?
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