234 B INTERST CALCULATION
Chaudhary Mohit Kumar (25 Points)
16 June 2019
how to calculate intrest u/s 234B
1 Replies
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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