Monday, December 12, 2011

Taxpayer in India.state govt employee paying tax by salary dedn. failed to remit Rs6808 by 31-3-08.penalty?

couldnot present salary bill for Feb'08 before 31st March and hence failed to deduct the income tax of Rs.6808 payable for 2007-08.How much will be the interest payable on tax if it is paid now?|||Interest @12% pa. That is Rs.68/- per month till the tax is paid by him. (U/s 234C and U/s 234B)|||NO INTEREST IS TO BE PAID PLEASE DEPOSITE IN BANK IMMIDIATELY

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