Posted by : CS K. K. Agrawal Jul 11, 2011


Estimated Tax    

Actual Additional tax paid

On or before 15-6   

On or before 15-9   

On or before 15-12 

On or before 15-3   

                        Advance Tax      Advance Tax       Shorfall            Interest
                         Installment            Installment       (a) - (b)             first 3 month : 
                          due (a)                 paid (b)                                 1% p.m. x shortfall x 3  
                                                                                                  Last month : 
                                                                                                  1% p.m. x shortfall x 1
15-6 (15%)                          

15-9  (45%)                         

15-12  (75%)                       

15-3   (100%)                      

Total Interest                                                                 

{ 1 comments... read them below or add one }

  1. Thanks for the above blog. Its really a big basic thing for the tax calculation interest. You did a good job by inserting the form in your blog. It helps a lot to the all readers. I discussed the same with my friends,relatives and colleagues.
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