Any part of a month counts as a full month.
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Section 234
Framework
Sections 234A, 234B, and 234C impose mandatory interest for delays in ITR filing, default in advance tax payment, and deferment of advance tax installments respectively.
Advance Tax
Deadlines
Avoid cumulative penalties by ensuring 100% of your advance tax liability is discharged by March 15th of the financial year. Self-assessment tax after March 31st attracts Section 234B interest.