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Income Tax
Interest u/s 234C Calculator
Interest for deferment of advance tax installments u/s 234C — 1% per month on shortfall in each quarter (3 months for Q1–Q3, 1 month for Q4).
Inputs
Results
Advance Tax Base (Tax − TDS)₹ 90,000
Q1 Required (15%) / Paid / Shortfall₹ 13,500 / ₹ 0 / ₹ 13,500
Q1 Interest (3 months)₹ 405
Q2 Required (45%) / Paid / Shortfall₹ 40,500 / ₹ 0 / ₹ 40,500
Q2 Interest (3 months)₹ 1,215
Q3 Required (75%) / Paid / Shortfall₹ 67,500 / ₹ 0 / ₹ 67,500
Q3 Interest (3 months)₹ 2,025
Q4 Required (100%) / Paid / Shortfall₹ 90,000 / ₹ 0 / ₹ 90,000
Q4 Interest (1 month)₹ 900
Total Interest u/s 234C₹ 4,545≈ ₹ 4.5 thousand