Sections 234A, 234B, and 234C – Interest for Delayed or Defaulted Tax Payments

Tax Glossary Definition

Sections 234A, 234B, and 234C – Interest for Delayed or Defaulted Tax Payments

These provisions outline the interest payable by taxpayers for non-compliance with tax deadlines. Section 234A applies when the income tax return is filed after the due date. Section 234B covers cases of non-payment or underpayment of advance tax, while Section 234C applies when advance tax installments are paid late or irregularly.

Example: If a taxpayer files their ITR after the deadline, simple interest at 1% per month is charged under Section 234A.

India's Most Trusted
Pro Tax Filer

Discover why we're one of India's most trusted Pro Tax Filers, built on a foundation of accuracy and reliability.

  • We ensure maximum tax benefits.

  • Taxes? Handled by our CAs and experts.

  • Reliable, year-round tax support at no cost.

  • Satisfaction or your money back came twice.

Start Filing

Scan the QR code to Download the app

Mobile App Available on:

DOWNLOAD For IPHONE

TaxFilr App

DOWNLOAD For Android

TaxFilr App

Have Questions? Let’s Talk!

Chat With Us

Scan to chat

Scan QR Code

OR
Start Chat
Mobile Apps Available On
This feature is available on our mobile app. Get the app now to access this feature!

DOWNLOAD For IPHONE

TaxFilr App

DOWNLOAD For Android

TaxFilr App