Rounding off of tax to nearest rupee requires paise at or above the midpoint to round up, otherwise drop. Amounts payable or refundable under the Act, including tax, interest, penalty, fine or any other sum, shall be rounded off to the nearest rupee: ... Summary
Rounding off of tax to nearest rupee requires paise at or above the midpoint to round up, otherwise drop.
Amounts payable or refundable under the Act, including tax, interest, penalty, fine or any other sum, shall be rounded off to the nearest rupee: fractional paise at or above the midpoint are increased to one rupee, while fractional paise below the midpoint are ignored.
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