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Interest on balance tax payable, Income Tax

Issue Id: - 105873
Dated: 11-7-2013
By:- narendra soni

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

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1 Dated: 13-7-2013
By:- CA GOPALJI AGRAWAL

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.


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