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Interest on balance tax payable, Income Tax |
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Interest on balance tax payable |
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URGENT PLease I am salaried person, When I calculated my tax liability, I found that TDS has short deducted by employers, hence I need to pay the balance tax . Please confirm whether interest is applicable , if yes then what %. regards Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
You have to see whether TDS is lower than 90% of the tax liability presuming your total liability is more than 10000/- interest u/s 234B/C would be applied. You can go through the same at the relevant link of this portal. Page: 1 Old Query - New Comments are closed. |
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