https://www.taxtmi.com/manuals?id=3343 Rate of interest under Section 234A is simple interest at the rate of one percent per month or part thereof, applied to tax liabilities arising from delayed filing of income tax returns, accruing for each month or part of a month and calculated as simple (not compound) interest. en-us Tue, 05 Dec 2023 14:42:00 +0530 Tue, 05 Dec 2023 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3343 Rate of interest under Section 234A is simple interest at the rate of one percent per month or part thereof, applied to tax liabilities arising from delayed filing of income tax returns, accruing for each month or part of a month and calculated as simple (not compound) interest. Manuals Income Tax Tue, 05 Dec 2023 14:42:00 +0530 https://www.taxtmi.com/manuals?id=3343