Interest U/s 234B & C

Ram Thakkar (CA final ) (126 Points)

16 March 2011

Please calculate the Interest u/s 234B & C

Net Tax Payable Rs.29112/- & Advance Tax Paid in Dec 5000 & in March 5000..

Its Urgent......

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CA ANUPAMA (CMA, CA ) (149 Points)
Replied 16 March 2011

For which Assessment year?

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Ram Thakkar (CA final ) (126 Points)
Replied 16 March 2011

FY 2009-10

A y 2010-11

CA ANUPAMA (CMA, CA ) (149 Points)
Replied 16 March 2011

Net Tax Payable = 29112%

Advance Tax should be 90% = 26201

Short of Adv Tax = 16201 (26201-10000)

Interest U/s. 234 B = 16201 x 1% x 12 Months (including this march, if A.Y 2010-2011) = 1944

Interest U/s. 234 C:

29112 x 1% x 30% x 3 Months = 262

29112 x 1% x 60% x 3 Months = 524

29112 x 1% = 291 i.e., 1077

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Ram Thakkar (CA final ) (126 Points)
Replied 16 March 2011

Dear 234B not 16201 but on 19112 ...... please conform that

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