"YOUR EDUCATION IN TAX IS NO GOOD, IF YOU CANNOT GIVE TAX ADVISE"

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WELCOME I have been interacting & teaching to the students since 1998. All the experiences which I have gathered in last 14 years is being reflected in this blog. Now this technology has given me another opportunity to reach out to remote students. It is my immense pleasure to share with you all news, views, videos, charts, slides, computation table and everything which shall interest you. I hope your stay here is extremely fruitful. Your suggestions are always welcome.

Wednesday, August 3, 2011

TAX CALCULATOR FOR COMPUTATION OF INTEREST U/S 234C FOR INDIVIDUAL/FIRM/HUF


Enter Estimated Tax atleast Rs. 10,000    

Enter actual tax paid on following different dates 


On or before 15-9 (30%)    

On or before 15-12 (60%)   

On or before 15-3 (100%)   


      

                      Advance tax           Advance tax            Shortfall                       Interest
                     Installment due       Installment paid                                     1% of shortfall * 3
                            (a)                         (b)                       (a) - (b)               1% of shortfall * 1

15-9  (30%)                           

15-12 (60%)                          

15-3 (100%)                          

 Total Interest                                                                              

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