§ 234C
Interest & Fees

Interest for deferment of advance tax

Income-tax Act, 1961

Charges interest where advance-tax instalments (15 Jun/15 Sep/15 Dec/15 Mar) fall short of the prescribed percentages.

Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.

Related sections

§ 234AInterest for late filing of return§ 234BInterest for default in advance tax§ 234FFee for late filing of return
← All sections of IT Act 1961