Calculation of Interst U/s 234C for Non Corporate Assessee

PARTICULARS
Tax payble by the assessee

15th September

15th December

100,000.00

100,000.00

Less: TDS deducted

-

Balance payable
Advance tax payable

100,000.00
-

100,000.00

100,000.00

100,000.00

30,000.00

60,000.00

100,000.00

Less : Advance tax paid
Balance payable

-

15th March

-

-

-

30,000.00

60,000.00

100,000.00

1%

1%

1%

Rate of interest
No. of Months
Total interest payable

3

3

1

900.00

1,800.00

1,000.00

INTEREST U/S 234 C

3,700.00

Calculation of Interst U/s 234B
PARTICULARS
Tax payble by the assessee

3/31/2008
100,000.00

Less: TDS deducted
Balance payable

100,000.00

Interest Rate

1%

No. of Months

4

Interest amount

4,000.00

INTEREST U/S 234 B

4,000.00

Please Do Not change the Green Cells
Otherwise, you will lose the formula

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