Interest Payable Under Income Tax Act

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Default Penal Interest Rate More Details
Filing of return after due date u/s 234A Interest @ 1% pm or part of the month from the end of due date for filing of return Details
Defaults in payment of advance tax u/s 234B Interest @ 1%  pm or part of the month from the 1st day of April of the Assessment Year Details
Deferment in payment of advance tax u/s 234C Interest @1% pm or part of the month on the deficit amount as applicable Detail
Failure to deduct and pay TDS u/s 201(1A) Interest @1% pm or part of month upto date of deduction/date of furnishing ITR and @1.5% from date of deduction to payment Details
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