interest under section 234

This query is : Resolved

Sandeep Kumar (Querist)
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31 January 2011 sir, I want to know that how to calculate the interest on tax under section 234 A , B& C
by this exp.
if an assesse's tax is Rs. 55370/- and he deposited advance tax Rs. 33000/- dt. 25/03/2010 and tds Rs. 22664/- plz clear me what should be intt. on this tax by these figure

Selvakumar Selvaraj

Selvakumar Selvaraj (Expert)
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31 January 2011 Here it is! for Companies Under section 234C
15-Jun:55370*15% - Advance tax 1+TDS = XX*3%
15-Sept:55370*45% - Advance Tax 1+2+TDS=XX*3%
15-Dec:55370*75%- Advance tax1,2,3=XX+TDS *3%
15-Mar:55370*100% - Advance tax1,2,3,4+TDS=XX*1%

234B: 55370-Advance tax-TDS=xxx*(No of Months from April to till the month of payment)

234A; 55370-Advance tax - TDS=XX*(If not filed the return in time, number of months)

Sandeep Kumar

Sandeep Kumar (Querist)
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01 February 2011 thans sir

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