https://www.taxtmi.com/forum/issue?id=111851 Interest under sections 234B and 234C arises because the final tax liability exceeded amounts paid through TDS and challans at the prescribed instalment dates. The portal computes 234C interest by comparing cumulative tax due with cumulative payments (including TDS) at each advance tax instalment date to capture shortfalls, and computes 234B interest on any remaining unpaid tax thereafter. Even under presumptive taxation, payments are set off by date; insufficiency or lateness triggers the two interest calculations. en-us Sat, 29 Apr 2017 16:05:49 +0530 Thu, 23 Jan 2025 15:55:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111851 Interest under sections 234B and 234C arises because the final tax liability exceeded amounts paid through TDS and challans at the prescribed instalment dates. The portal computes 234C interest by comparing cumulative tax due with cumulative payments (including TDS) at each advance tax instalment date to capture shortfalls, and computes 234B interest on any remaining unpaid tax thereafter. Even under presumptive taxation, payments are set off by date; insufficiency or lateness triggers the two interest calculations. Discussion-Forum Income Tax Sat, 29 Apr 2017 16:05:49 +0530 https://www.taxtmi.com/forum/issue?id=111851