Interest u/s 234b and 234c

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Sanjay Gurnani (Querist)
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08 November 2013 Can anybody please tell me the calculation of interest u/s 234C for AY 2012-13, if my tax liability is 96985 and i had paid the advance tax of Rs.95000 on 15/03/2012.. .

Please answer my query..

CA M.MD SAREEF

CA M.MD SAREEF (Expert)
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08 November 2013 I think you Received CPC order !!!

They calculated your interest Liability as Rs xxxxx /- you shocked to see that figure

Go to Share Files section and download 234ABC interest calc to know exact amount of interest you need to charged.

I think dept will be mostly right

calc upto 15/03/2012

since adv tax should be paid by due dates!! but you have paid only at end 15/03...