TMI BlogHow to calculate interest under section 234C?X X X X Extracts X X X X X X X X Extracts X X X X ..... When is interest payable? Period of interest Amount on which interest shall be payable If the advance tax paid on or before Ju ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... x paid on or before December 15 is less than 75% of the assessed tax 3 months 75% of assessed tax less tax deposited on or before December 15 If ..... X X X X Extracts X X X X X X X X Extracts X X X X
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