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234 B INTERST CALCULATION

Chaudhary Mohit Kumar (25 Points)

16 June 2019

how to calculate intrest u/s 234B

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sundhar jkn (205 Points)
Replied 16 June 2019

If total tax payable is more than 10000, then interest u/s 234B will attract. However if advance tax or tds is paid more than 90% of tax payable, then there is no liable to pay interest. It is calculated from April. 1% for every month.

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234 B INTERST CALCULATION

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