default in payment of advance tax automatically fills in itr 2

After filling my ITR 2, following fields get automatically filled For default in payment of advance tax (section 234B)
For deferment of advance tax (section 234C)

How do these fields get filled? Is it based on some date? I have paid all my taxes on time.

asked Jul 22 '13 at 21:03 by MANSOOR 111

There are quarter advance tax dates, on which the advance tax needs to be paid.

On or Before 15 September: 30% of total advance tax On or Before 15 December: 60% of total advance tax On or Before 15 March: 100% of total advance tax

In case its not paid like this, interest penalty u/s 234C would be payable.

Similarly interest is payable u/s 234B in case full tax is not deposited before 31st March.

answered Jul 23 '13 at 12:14 by Pankaj Batra 5.2k320


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Asked: Jul 22 '13 at 21:03

Seen: 2,368 times

Last updated: Jul 23 '13 at 12:14