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of <h1>Interest Calculation on Tax Shortfall: Section 234B Explained for Advance and Self-Assessment Tax Payments</h1> When the advance tax paid is less than 90% of the assessed tax, interest under Section 234B is calculated on the assessed tax minus the advance tax paid. If tax is paid through self-assessment under Section 140A, interest is initially calculated on the shortfall between the advance tax and assessed tax until the self-assessment tax is paid. Thereafter, interest is calculated on the shortfall between the combined total of advance and self-assessment tax paid under Section 140A and the assessed tax.
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