Hi
How Interest is computed on Income Tax Refund...
3 Replies
Pankaj Arora
(Learner)
(3134 Points)
Replied 17 January 2011
If you paid tax excess of 10% on liability of tax than you are able for interest on refund u/s244A
Interest should be calculated after 3 months from the date of filing return. And interest on refund is 0.50%
kamal goyal
(artical)
(39 Points)
Replied 12 January 2012
how to calculate the interest on income tax refund in all case case please explain me
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