interest under sec 234 - Professionals - Taxation - TIK Share
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interest under sec 234


S.M Navale

2016-07-22

Sir,

 

Advance tax is not applicable for salary income.  then interst u/s 234 B and 234 C is not applicable.

but while calculating tax in ITR it is showing interst u/s 234 B and 234 C.  

 

 

saurabh kanchan

2016-07-26

Hi

 

The advance tax is not applicable in case of salary. But advance tax can be paid if you want to pay in advance. If the tax paid in advance then the below needs to be followed:

1) Till 15th JUN        15% of the tax should be paid

2) Till 15th Sep         45% of the tax should be paid

3) Till 15th DEC         75% of the tax should be paid

4) Till 15th MAR         10% of the tax should be paid.

 

Else the intrest will appear in ITR.

 

Regards

Saurabh

 

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saurabh kanchan

2016-07-26

4) Till 15th MAR         100% of the tax should be paid. - See more at: 

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S.M Navale

2016-07-27

Thank you sir, for your reply

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