Interest U/s 234C

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The Tax Due For A.Y. 2010-11 is Rs.15000/-

Advance Tax Paid is Rs.14000/-

Rs.1000/- on 15/09/09, Rs.4000/- on 15/12/09 and Rs.9000/- on 19/03/10

Calculate Interest U/s 234C Assessee is an Individual.

Replies (1)

Dear Nidhi,

 

 

  15000              
Due date Due   Actually Paid Cumulative Difference Per month Rate of Int. No. of months Interest
15-Sep 30%           4,500                1,000              1,000            3,500 1% 3 105
15-Dec 60%           9,000                4,000              5,000            4,000 1% 3 120
15-Mar 100%        15,000                       -                5,000          10,000 1% 1 100
                325


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