What will be the total interest amount under sec. 234B and 234 C when the tax liablity calculated @ 30% on net profit of firm is Rs. 518180/- plus cess: 15545===533725. total tds===55620 and advance tax paid on 16.12.2010 is Rs. 10000.
1 Replies
(Guest)
please refer this calculator for computation of interest u/s 234C. Enter this amount 533725 - 55620
https://taxbykk.blogspot.com/2011/08/tax-calculator-for-computation-of_03.html
for computation of interest u/s 234B
533725 - 55620 - 10000 = x amount.
1% of x amount x (period of default starts from 1st april till the payment of self assessment tax)
thanks
kaushal
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