Hari (student) (119 Points)
21 December 2016how to calculate interest on advance tax u/s 234C
Details:
Taxable income - 132052, Tax liability before TDS deducting - 136951, Education cess - 4109, TDS - 3597, Capital Gain - 32660, Advance Tax payed in 2013-14 - 100,000(31-3-2014). Interest u/s 234A - 748, u/s 234B - 2992. So how i calculate interest u/s 234C.
Sanjay S
(Chartered Accountant)
(1375 Points)
Replied 21 December 2016
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 21 December 2016
IF YOU FILE ITR THROUGH SOFTWARE THAN YOU NEED TO FILL ONLY YOUR DATA ,
AFTR THAT YOU SOFTWARE AUTOMATICALY CALCULTE YOU BALANCE TAX AND INTEREST
CAclubindia
