Interset under 234 B and 234 C

hussain (Querist) 27 July 2010 This query is : Resolved
Sir
After Computation of Income Tax Rs 6398/= is payable and i have not paid any advance tax during the year so how can i calculate interset under section 234 B and Section 234 C please sugges me so that i can pay my tax before july-10.

Thanking you

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AMIT BAJAJ ADVOCATE (Expert) 27 July 2010
Advance tax is now needed to be deposited only if the amount of tax exceed Rs 10000. There is no need to deposit advance tax in your case hence no interest u/s 234b or c is payable.