Section 234C of ITA, 1961 : Section 234C: Interest For Deferment Of Advance Tax
ITA, 1961
JavaScript did not load properly
Some content might be missing or broken. Please try disabling content blockers or use a different browser like Chrome, Safari or Firefox.
Explanation using Example
Let's say Mr. Sharma is a salaried employee and has some income from a rental property. For the financial year 2022-2023, his estimated tax liability is ₹1,00,000. According to the advance tax payment schedule, he should pay at least 15% (₹15,000) by the 15th of June, 45% (₹45,000) by the 15th of September, 75% (₹75,000) by the 15th of December, and 100% (₹1,00,000) by the 15th of March.
However, Mr. Sharma pays ₹10,000 by June 15, which is ₹5,000 less than what is required. He pays ₹40,000 by September 15, which is ₹5,000 less than the cumulative required amount by that date. By December 15, he pays an...
Login to access all pages and read more content.
To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.
In fact, any online course, certificate program, diploma in International Law, Technology Law, or whatever-new-hype-they-invent is usually just marketing sugarcoat. Don't let them sell you a PDF or Recorded Content and call it empowerment.
A course designed to truly empower you should be accessible — and preferably, free. That's why KanoonGPT will launch a Free AI 101 for Law Professionals course.
Also, quick reality check: Indians earn in INR ₹₹₹ — why on earth are we paying in Dollars $$$ for AI tools ? 🤨 Something doesn't add up.
Download Digital Bare Acts on mobile or tablet with "Kanoon Library" app
