Web21 Jul 2013 · Calulation of Interest 234C (Tax libility- TDS ) =7926. 1 upto 15sep 30% of 7926. 2 upto 15Dec 60% of 7926. 3 upto 15march 100% of 7926. which has been paid by the assessee so no in u/s 234C. Calculation of Int U/s 234B Tax Liability - TDS - Advance tax ) = -24176 so refund is no tax liability. Web13 Sep 2024 · Click here to download free excel IT Interest Calculator u/s. 234A, 234B & 234CIncome Tax Interest Calculator u/s. 234A, 234B & 234C FY 2024-23 (AY 2024-24) Section 234A : Apply for the delay in furnishing the return on or before the due date.

Section 234B : Interest for Non-Payment of Advance Tax

Web9 Feb 2024 · The interest leviable under section 234B will be calculated for three months i.e April, May, and June being part of the month. The interest amount will be Rs 900 (Rs … WebNote.—Interest, computed as per clause (b) above, shall be reduced by any interest (computed as per provisions of section 234B) paid under section 140A. Special points - Interest under section 234B is not applicable if advance tax paid during the financial year (i.e., April 1 to March 31 immediately preceding assessment year) is 90 per cent (or more) … cushing syndrom pferd homöopathie

Section 234C: Interest for Delay in Payment for Advance Tax

Web9 Apr 2024 · The interest is also calculated as per simple interest calculation. Any part of a month can be considered as a full month for the purpose of interest calculation under … WebBefore calculating interest penalty, it is necessary to check if the taxpayer is liable to pay interest under Section 234B. 90% of Rs 17,350 i.e. Rs 15,615 should have been paid as … Web19 Sep 2024 · "Accordingly, the implication of this extension will mean that a taxpayer who is liable to pay advance tax will have to pay interest at the rate of 2 per cent per month (1 per cent under section 234B and 1 per cent under section 234A) from the original due date of filing of return i.e. July 31 or October 31, as the case may be," he added. cushing terrell bozeman mt