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of <h1>Income Tax Bill 2025 Clause 425 simplifies advance tax interest with flat rates replacing complex monthly calculations</h1> The Income Tax Bill 2025's Clause 425 modernizes advance tax interest provisions, replacing Section 234C of the 1961 Act. Both provisions enforce timely advance tax payments through compensatory interest charges. Key changes include simplified lump-sum interest rates (3% for June/September/December installments, 1% for March) instead of monthly calculations, clearer tabular formatting, and streamlined language. The provision maintains identical payment thresholds (15%, 45%, 75%, 100%) and relief mechanisms for partial compliance and unpredictable income types like capital gains. While preserving core policy objectives of revenue collection and taxpayer equity, Clause 425 reduces computational complexity and administrative burden, though some transitional issues may arise regarding new income category definitions and the flat-rate approach's treatment of mid-period rectifications.
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