234C

john (LEARNER) (549 Points)

02 July 2011  

WHICH ANSWER IS CORRECT 

Answer 1  OR

Answer 2

 

(A.Y.2011-12)
 
 
 
TOTAL INCOME
 
654960
 
Tax   Rs:
 
64992
 
Edu Cess Rs:
 
1950
 
Total Tax Rs:
 
66942
 
TDS   Rs:
 
35654
 
 
 
 
 
Tax Deducted at source u/s 192(1)
 
 
 
14/06/2010
2643
 
 
14/07/2010
4445
 
 
14/010/2010
4094
 
 
14/11/2010
4151
 
 
14/12/2010
4031
 
 
14/01/2010
5482
 
 
14/02/2011
5870
 
 
31/03/2011
4938
35654
 
 
 
 
 
ANSWER 1
 
 
 
Interest under section 234C
 
 
 
Tax Payable 
 
66942
 
Less: TDS    
 
35654
 
Assessed Tax 
 
31288
 
30% of Assessed Tax
9386.4
 
 
Less: Adv.Taxes Paid on or before Sep15 2010
0
9386
282
 
 
 
 
60% of Assessed Tax
18773
 
 
Less: Adv.Taxes Paid on or before Dec15 2010
0
18773
563
 
 
 
 
100% of Assessed Tax
31288
 
 
Less: Adv. Taxes Paid on or before Mar15 2011
0
31288
313
Interest under section 234C
 
 
1158
 
 
 
 
ANSWER 2
 
 
 
Interest under section 234C
 
 
 
Tax Payable 
 
66942
 
Less: TDS    
 
35654
 
Assessed Tax 
 
31288
 
30% of Assessed Tax
9386
 
 
Taxes Paid on or before Sep15 2010
7088
2298
69
 
 
 
 
60% of Assessed Tax
18773
 
 
Taxes Paid on or before Dec15 2010
12276
6496.8
195
 
 
 
 
100% of Assessed Tax
31288
 
 
Taxes Paid on or before Mar15 2011
11352
19936
199
Interest under section 234C
 
 
463