Section 234C interest
Section 234C charges 1% per month interest for deferring or underpaying any advance-tax instalment, computed instalment-by-instalment against the prescribed cumulative percentages.
Formula
Interest = instalment shortfall × 1% × 3 months (per period)
Related terms
General information, not tax, legal or accounting advice. Thresholds and timelines change by notification — confirm applicability with your CA, CS, or lawyer.
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