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Interest u/s 234B Calculator
Interest for default in advance tax payment u/s 234B — 1% per month on shortfall when advance tax paid is less than 90% of assessed tax.
Inputs
Results
Assessed Tax (Tax − TDS)₹ 80,000
90% Threshold₹ 72,000
Advance Tax Paid₹ 30,000
234B ApplicableYes (paid < 90%)
Shortfall₹ 50,000
Period (from 1 Apr)4 months
Interest u/s 234B₹ 2,000