calculate_income_tax_interest
Calculate penalty interest for late tax filing or short advance tax payments under Sections 234A, 234B, 234C using tax liability, TDS, advance tax, and filing dates.
Instructions
Calculate interest under Sections 234A, 234B, 234C.
Use when computing penalty interest for late tax filing or short advance tax payments.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| total_tax_liability | Yes | Total tax liability in INR | |
| tds_deducted | No | TDS already deducted in INR | |
| advance_tax_paid | No | Dict with q1,q2,q3,q4 quarterly payments | |
| filing_date | No | Filing date YYYY-MM-DD or None if not filed | |
| due_date | No | Due date YYYY-MM-DD | 2025-07-31 |
Output Schema
| Name | Required | Description | Default |
|---|---|---|---|
No arguments | |||