{"id":35139,"date":"2022-01-25T15:42:46","date_gmt":"2022-01-25T10:12:46","guid":{"rendered":"https:\/\/www.cagmc.com\/?p=35139"},"modified":"2024-06-03T09:59:30","modified_gmt":"2024-06-03T04:29:30","slug":"advance-tax-interest-under-section-234a-b-c","status":"publish","type":"post","link":"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/","title":{"rendered":"Advance Tax &#038; Interest Under Section 234A\/B\/C"},"content":{"rendered":"<p style=\"text-align: justify;\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-35141 size-full\" title=\"Advance Tax &amp; Interest Under Section 234A\/B\/C\" src=\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/01\/Advance-Tax-Interest-Under-Section-234ABC-1.png\" alt=\"Advance Tax &amp; Interest Under Section 234A\/B\/C\" width=\"1200\" height=\"630\" srcset=\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/01\/Advance-Tax-Interest-Under-Section-234ABC-1.png 1200w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/01\/Advance-Tax-Interest-Under-Section-234ABC-1-300x158.png 300w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/01\/Advance-Tax-Interest-Under-Section-234ABC-1-1024x538.png 1024w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/01\/Advance-Tax-Interest-Under-Section-234ABC-1-615x323.png 615w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/01\/Advance-Tax-Interest-Under-Section-234ABC-1-400x210.png 400w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/01\/Advance-Tax-Interest-Under-Section-234ABC-1-292x153.png 292w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The Income-tax Act imposes numerous forms of interest for various types of delays\/defaults. This article discusses the provisions of sections 234A, 234B, and 234C of the Internal Revenue Code that deal with interest charges.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The failure to file a tax return on time<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Advance tax non-payment or underpayment<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Non-payment or underpayment of individual advance tax instalments or instalments (i.e., advance tax deferment).<\/span><\/li>\n<\/ul>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"border: 1px solid #555;\"><b>Table of Contents<\/b><\/p>\n<ul>\n<li aria-level=\"1\"><a href=\"#What\">What is Advance Tax?<\/a><\/li>\n<li aria-level=\"1\"><a href=\"#Interest\">Interest for failure to file an income tax return [Section 234A]<\/a><\/li>\n<li aria-level=\"1\"><a href=\"#for\">Interest for failure to pay advance tax [Section 234B]<\/a><\/li>\n<li aria-level=\"1\"><a href=\"#failure\">Interest for failure to pay advance tax installment(s) [Section 234C]<\/a><\/li>\n<li id=\"What\"><a href=\"#Final\">Final Words<\/a><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 style=\"text-align: justify;\"><b>What is Advance Tax?\u00a0<\/b><\/h2>\n<p style=\"text-align: justify;\"><span id=\"Interest\" style=\"font-weight: 400;\">Advance Tax gives option of paying income tax in one lump sum at the end of the fiscal year in advance. The taxpayer must pay 15 percent advance tax by June 15th, 45 percent advance tax by September 15th, 75 percent advance tax by December 15th, and 100 percent advance tax by March 15th throughout the relevant fiscal year.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><b>Interest for failure to file an income tax return [Section 234A]<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">If you don&#8217;t file your tax return on time, you&#8217;ll be charged interest under section 234A.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Provisions that are fundamental If you don&#8217;t file your tax return on time, you&#8217;ll be charged interest under Section 234A. In other words, if a taxpayer files his or her income tax return beyond the due date set forth in this section, interest will be charged.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><b>Interest rates<\/b><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">If you don&#8217;t file your tax return on time, you&#8217;ll be charged interest under section 234A. The rate of interest is 1% every month or fraction of a month. Simple interest is the nature of interest. In other words, for any delay in completing the <a href=\"https:\/\/www.cagmc.com\/income-tax-returns-for-individuals\/\">income tax return<\/a>, the taxpayer is required to pay simple interest at the rate of one percent per month or part of a month.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><b>Period for levy of Interest<\/b><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Section 234A imposes interest for a fixed amount of time. Section 234A imposes interest beginning on the day after the due date for submitting the return of income and ending on the date of providing the return of income, or, if no return has been given, the date of completion of the assessment under section 234A.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">A part of a month, i.e. a fraction of a month, is treated as a full month when computing the term of interest levy.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><b>Interest-bearing amount<\/b><\/h3>\n<p style=\"text-align: justify;\"><span id=\"for\" style=\"font-weight: 400;\">Section 234A charges interest on the amount of tax calculated by section 143(1), and, in the case of a regular assessment, the tax on total income as determined by advance tax, tax deducted\/collected at source, relief sought under various sections such as 89\/90\/90A\/91, and tax credit. The 115JAA\/115JD section is used.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><b>Interest for failure to pay advance tax [Section 234B]<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Failure to pay advance tax can result in the imposition of interest under Section 234B.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><b>Fundamental provisions<\/b><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Interest is imposed under Section 234B in the following two situations:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-weight: 400;\">\u00a0When a taxpayer fails to pay advance tax despite the fact that he is obligated to do so; or .<\/span><\/li>\n<li><span style=\"font-weight: 400;\">\u00a0If the taxpayer&#8217;s advance tax payment is less than 90% of the total tax due.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">If the assesses expected tax due for the fiscal year is ten thousand rupees or more, advance tax must be paid by the taxpayer throughout the fiscal year, according to Section 208 of the Act.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><b>Interest rate<\/b><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Failure to pay advance tax results in a penalty of 1% each month or part of a month under Section 234B. Straightforward interest is the essence of interest. In other words, if a taxpayer fails to pay the advance tax, he or she must pay simple interest at a rate of 1% per month or fraction of a month.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><b>Interest-bearing amount<\/b><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The amount of unpaid advance tax is subject to interest under Section 234B. If you don&#8217;t pay your advance tax on time, you&#8217;ll be charged interest on the amount you didn&#8217;t pay..<\/span><\/p>\n<h3 style=\"text-align: justify;\"><b>Interest rate levy period<\/b><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Section 234B imposes interest from the first day of the assessment year, April 1st, until the date of income determination under section 143(1), or, if a regular assessment is made, until the date of such a regular assessment.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">If your income rises as a result of an assessment or re-computation, you&#8217;ll be charged interest under section 234B on the difference between the start day of the assessment year and the date of the assessment or re-computation. If an application is submitted to the Settlement Commission, interest will be charged on the differential amount from the first day of the assessment year to the date of the application, as provided in Section 234B.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">In addition, if the Settlement Commission increases the income disclosed in the application, interest will be charged under section 234B on the difference between the first day of the assessment year and the date of the decision. If the person paid any tax before the assessment was completed, the following interest will be charged:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-weight: 400;\">\u00a0Interest will be calculated on any unpaid advance tax up to the date of self-assessment tax payment.<\/span><\/li>\n<li id=\"failure\">After deducting the self-assessment tax paid by the taxpayer from the date of payment of self-assessment tax, interest will be charged on the unpaid amount of advance tax.<\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><b>Interest for failure to pay advance tax installment(s) [Section 234C]<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\"><a href=\"https:\/\/incometaxindia.gov.in\/tutorials\/6-interest%20payable%20by%20the%20taxpayer.pdf\" target=\"_blank\" rel=\"noopener\">Section 234C<\/a> allows for the imposition of interest if an advance tax instalment is not paid on time (s). Let us consider the provisions governing the payment of advance tax by a taxpayer before diving into the intricacies of Section 234C.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Anyone whose projected tax burden for the year exceeds Rs. 10,000 must pay his tax in advance in the form of &#8220;advance tax&#8221; by the following dates, according to Section 208:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If the advance tax paid before June 15th is less than 12% of the advance tax due<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If the advance tax paid on or before September 15th is less than 36 percent of the advance tax due, the advance tax is not refundable.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If the amount of advance tax paid on or before December 15th is less than 75% of the total amount due,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If the advance tax paid on or before March 15th does not equal 100% of the advance tax due.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span id=\"Final\" style=\"font-weight: 400;\">If the first, second, and third instalments are not paid on time, Section 234C charges interest at a rate of 1% for three months, and one month if the last instalment is not paid on time.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><b>Final Words<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">When a taxpayer&#8217;s tax liability in a fiscal year exceeds Rs. 10,000, they are normally required to pay advance tax. Taxpayers who plan ahead of time may be able to pay their taxes on time. They will, however, be penalised with interest under Section 234B of the Income Tax Act if they miss or postpone making the payment. They could face penalties under sections 234A and 234C as well.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Income-tax Act imposes numerous forms of interest for various types of delays\/defaults. This article discusses the provisions of sections [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":35141,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[69],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Advance Tax &amp; Interest Under Section 234A\/B\/C - CAGMC<\/title>\n<meta name=\"description\" content=\"Read about Advance Tax &amp; Interest Under Section 234A\/B\/C. What is Advance tax, Interest for failure to file an ITR Section 234A.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Advance Tax &amp; Interest Under Section 234A\/B\/C - CAGMC\" \/>\n<meta property=\"og:description\" content=\"Read about Advance Tax &amp; Interest Under Section 234A\/B\/C. What is Advance tax, Interest for failure to file an ITR Section 234A.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/\" \/>\n<meta property=\"og:site_name\" content=\"Goyal Mangal &amp; Company\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/goyalmangal\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-25T10:12:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-03T04:29:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/01\/Advance-Tax-Interest-Under-Section-234ABC-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"CA Vimal Kumar Sharma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CA Vimal Kumar Sharma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/\"},\"author\":{\"name\":\"CA Vimal Kumar Sharma\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/1d6e4e2d6f85c186f643e8088c28a7a6\"},\"headline\":\"Advance Tax &#038; Interest Under Section 234A\/B\/C\",\"datePublished\":\"2022-01-25T10:12:46+00:00\",\"dateModified\":\"2024-06-03T04:29:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/\"},\"wordCount\":1142,\"publisher\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/01\/Advance-Tax-Interest-Under-Section-234ABC-1.png\",\"articleSection\":[\"Income Tax\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/\",\"url\":\"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/\",\"name\":\"Advance Tax & Interest Under Section 234A\/B\/C - CAGMC\",\"isPartOf\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/01\/Advance-Tax-Interest-Under-Section-234ABC-1.png\",\"datePublished\":\"2022-01-25T10:12:46+00:00\",\"dateModified\":\"2024-06-03T04:29:30+00:00\",\"description\":\"Read about Advance Tax & Interest Under Section 234A\/B\/C. What is Advance tax, Interest for failure to file an ITR Section 234A.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/#primaryimage\",\"url\":\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/01\/Advance-Tax-Interest-Under-Section-234ABC-1.png\",\"contentUrl\":\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/01\/Advance-Tax-Interest-Under-Section-234ABC-1.png\",\"width\":1200,\"height\":630,\"caption\":\"Advance Tax & Interest Under Section 234ABC (1)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.cagmc.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Advance Tax &#038; Interest Under Section 234A\/B\/C\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#website\",\"url\":\"https:\/\/www.cagmc.com\/blog\/\",\"name\":\"Goyal Mangal &amp; Company\",\"description\":\"Best CA Firm in Jaipur\",\"publisher\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.cagmc.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#organization\",\"name\":\"Goyal Mangal & Company\",\"url\":\"https:\/\/www.cagmc.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.cagmc.com\/wp-content\/uploads\/2020\/01\/logo4.png\",\"contentUrl\":\"https:\/\/www.cagmc.com\/wp-content\/uploads\/2020\/01\/logo4.png\",\"width\":673,\"height\":145,\"caption\":\"Goyal Mangal & Company\"},\"image\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/goyalmangal\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/1d6e4e2d6f85c186f643e8088c28a7a6\",\"name\":\"CA Vimal Kumar Sharma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/83874a84043933ead2ba326161859a4a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/83874a84043933ead2ba326161859a4a?s=96&d=mm&r=g\",\"caption\":\"CA Vimal Kumar Sharma\"},\"description\":\"CA Vimal Kumar Sharma has expertise is in the field of Accounting, Budgeting, Management Reporting, Statutory Reporting, Regulatory Compliance, Working Capital Management, Taxation, Statutory and Tax Audit and posses experience of almost 5 years.\",\"url\":\"https:\/\/www.cagmc.com\/blog\/author\/vimalkumar\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Advance Tax & Interest Under Section 234A\/B\/C - CAGMC","description":"Read about Advance Tax & Interest Under Section 234A\/B\/C. What is Advance tax, Interest for failure to file an ITR Section 234A.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/","og_locale":"en_US","og_type":"article","og_title":"Advance Tax & Interest Under Section 234A\/B\/C - CAGMC","og_description":"Read about Advance Tax & Interest Under Section 234A\/B\/C. What is Advance tax, Interest for failure to file an ITR Section 234A.","og_url":"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/","og_site_name":"Goyal Mangal &amp; Company","article_publisher":"https:\/\/www.facebook.com\/goyalmangal","article_published_time":"2022-01-25T10:12:46+00:00","article_modified_time":"2024-06-03T04:29:30+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/01\/Advance-Tax-Interest-Under-Section-234ABC-1.png","type":"image\/png"}],"author":"CA Vimal Kumar Sharma","twitter_card":"summary_large_image","twitter_misc":{"Written by":"CA Vimal Kumar Sharma","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/#article","isPartOf":{"@id":"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/"},"author":{"name":"CA Vimal Kumar Sharma","@id":"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/1d6e4e2d6f85c186f643e8088c28a7a6"},"headline":"Advance Tax &#038; Interest Under Section 234A\/B\/C","datePublished":"2022-01-25T10:12:46+00:00","dateModified":"2024-06-03T04:29:30+00:00","mainEntityOfPage":{"@id":"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/"},"wordCount":1142,"publisher":{"@id":"https:\/\/www.cagmc.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/01\/Advance-Tax-Interest-Under-Section-234ABC-1.png","articleSection":["Income Tax"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/","url":"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/","name":"Advance Tax & Interest Under Section 234A\/B\/C - CAGMC","isPartOf":{"@id":"https:\/\/www.cagmc.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/#primaryimage"},"image":{"@id":"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/01\/Advance-Tax-Interest-Under-Section-234ABC-1.png","datePublished":"2022-01-25T10:12:46+00:00","dateModified":"2024-06-03T04:29:30+00:00","description":"Read about Advance Tax & Interest Under Section 234A\/B\/C. What is Advance tax, Interest for failure to file an ITR Section 234A.","breadcrumb":{"@id":"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/#primaryimage","url":"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/01\/Advance-Tax-Interest-Under-Section-234ABC-1.png","contentUrl":"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2022\/01\/Advance-Tax-Interest-Under-Section-234ABC-1.png","width":1200,"height":630,"caption":"Advance Tax & Interest Under Section 234ABC (1)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.cagmc.com\/blog\/advance-tax-interest-under-section-234a-b-c\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.cagmc.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Advance Tax &#038; Interest Under Section 234A\/B\/C"}]},{"@type":"WebSite","@id":"https:\/\/www.cagmc.com\/blog\/#website","url":"https:\/\/www.cagmc.com\/blog\/","name":"Goyal Mangal &amp; Company","description":"Best CA Firm in Jaipur","publisher":{"@id":"https:\/\/www.cagmc.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.cagmc.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.cagmc.com\/blog\/#organization","name":"Goyal Mangal & Company","url":"https:\/\/www.cagmc.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cagmc.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.cagmc.com\/wp-content\/uploads\/2020\/01\/logo4.png","contentUrl":"https:\/\/www.cagmc.com\/wp-content\/uploads\/2020\/01\/logo4.png","width":673,"height":145,"caption":"Goyal Mangal & Company"},"image":{"@id":"https:\/\/www.cagmc.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/goyalmangal"]},{"@type":"Person","@id":"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/1d6e4e2d6f85c186f643e8088c28a7a6","name":"CA Vimal Kumar Sharma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/83874a84043933ead2ba326161859a4a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/83874a84043933ead2ba326161859a4a?s=96&d=mm&r=g","caption":"CA Vimal Kumar Sharma"},"description":"CA Vimal Kumar Sharma has expertise is in the field of Accounting, Budgeting, Management Reporting, Statutory Reporting, Regulatory Compliance, Working Capital Management, Taxation, Statutory and Tax Audit and posses experience of almost 5 years.","url":"https:\/\/www.cagmc.com\/blog\/author\/vimalkumar\/"}]}},"_links":{"self":[{"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/posts\/35139"}],"collection":[{"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/comments?post=35139"}],"version-history":[{"count":9,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/posts\/35139\/revisions"}],"predecessor-version":[{"id":51773,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/posts\/35139\/revisions\/51773"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/media\/35141"}],"wp:attachment":[{"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/media?parent=35139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/categories?post=35139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/tags?post=35139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}