Interest Calculation U/s 234A,B and C

Tax queries 1232 views 2 replies

Assessee's Gross Total Income is

Rs.17562139

Which includes Long Term Capital Gian of Rs.15068434/- and Other Sources Income is Rs.2493705/- and Deduction U/s 80C Rs.100000/-

Tax On LTCG is Rs.3013687/-and Tax at normal rates is Rs.614113/- And Cess of Rs.108834/-

TDS is Rs.236362/-.

Assessee is Senior Citizen Male.

Calculate the Interest U/s 234A, B and C.

Replies (2)

If return Filling date was 31.07.2010 then interest amount would be as under

234A Rs 105009

234B Rs. 245021

234C Rs. 129511

If return filling date is 31.07.2010 (filed within due date)then how it will have 234A Interest

Interest U/s 234B is 1,36,858.00

Interest U/s 234C is 1,88,179.00

Total Tax to be paid is Rs.37,46,474.00


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register