Advanced tax query and interest calculations

Query for female assessee (not senior citizen) with total taxable income approx RS 6,09,000 and deduction Rs 1,00,000 under section 80C.

Assessee salary is 1,10,000 - so under the income tax threshold, and hence there was no TDS.

Rest of the income was from FD interests, and there was no TDS (assessee submitted 15G/15H form). So, there was no TDS at all.

Assessee did not pay any advanced tax (so missed all three due dates - 15/09, 15/12 and 15/03 and also end-of-the-year 31st March).

Question is what is the total amount payable by her if she makes the payment now (in June)? what are the total interests (under section 234 or anything else) ? Can she make the payment now through Advanced Tax challans and then file a normal return or does she have to do something different?

Many thanks in advance,

Amit

PS: The residential status is RNOR if that matters at all!!

Hello Amit,

As u said the female assessee's residential status is RNOR then the income received in India or Accuring/Arising in India shall be considered for the purpose of Total Inocme i.e. taxable in India. Now to solve given problem, assume that the female assessee has received or accuring or arising such income in India and accordingly the solution is as under:-

Here the said assessee is Resident but not Ordinary Resident (i.e. Not Non Resident) in India then Income Tax Slab is given below:-

up to Rs.190000 NIL

Rs.190000 - Rs.500000 10%

Rs.500000 - Rs.800000 20%

Above Rs.800000 30%

Gross Total Income Rs.609000

Less: Ded. u/s 80C Rs.100000

Total Income =Rs.509000

Tax Due 32800

Add: E.Cess 984

=33784

Add: Interest

u/s 234C 1250

u/s 234B 1014 =2264

Tax Payable =36048

Tax Payable (r/o) 36050

Further the advance tax payment can be made in the earning period i.e if the assessee pays said tax payable in the assessment year then shall be called Self Assessment Tax Challan. So, the assessee have to deposit Self Assessment Tax Challan of Rs.36048/- and the assessee may file the return after depositing such tax.