Solution-Compute interest payable by the company

Compute interest payable by the company

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Reference no: EM132856638

Question - ABC Ltd. has estimated its tax payable and the company has paid advance tax as given below:

Upto 15.06.2012 15,000

Upto 15.09.2012 45,000

Upto 15.12.2012 75,000

Upto 15.03.2013 1,00,000

Required - However, the company has computed its tax payable to be '1,80,000 at the time of filing the return of income. Compute interest payable by the company under section 234C.

Reference no: EM132856638

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Compute interest payable by the company

Reference no: EM132856638

Reference no: EM132856638

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