Section mapper · Advance tax, interest, late fees and refunds
Section 234B of the Income-tax Act, 1961 is now
section 424 of the Income-tax Act, 2025
Interest for not paying enough advance tax.
- Was
s.234B, Income-tax Act, 1961 (repealed)- Is now
s.424, Income-tax Act, 2025- In force from
What changed
Renumbered only — still triggered below 90% of the assessed tax.
Where this comes from
Read from egazette.gov.in on , and re-checked against the enacted Income-tax Act, 2025 (Act No. 30 of 2025, assented 21 August 2025, in force 1 April 2026). This dataset is re-verified quarterly. The whole method is on our methodology page.
Sections people look up next
- s.234A → s.423 — Interest for filing your return late
- s.234C → s.425 — Interest for missing an advance tax instalment
- s.140A → s.266 — Self-assessment tax — paying the balance before you file