Interest u/s 234B 234C

This query is : Resolved 

18 May 2008
hi

There is a senior citizen whose tax liability is 54,160 Rs. He ONLY has Interest Income (Interest from fixed deposits). No Tds has been deducted on filing form 15h.

Is the senior citizen liable to pay advance tax?
Should Interest u/s 234B and 234C be also paid?
On what should Interest be paid?

Thanksing you

18 May 2008 yes, advance tax is payable.
if not paid, interest shall be paid.

21 May 2008 Liable for advance tax as well as interest.




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