Interest for deferment of advance tax instalments - Section 275
Interest at 1% per month for each instalment of advance tax that is underpaid compared to the prescribed cumulative percentage. Computed for 3 months (or 1 month for March instalment).
Key provisions
- Interest at 1% per month for each instalment of advance tax that is underpaid compared to the prescribed cumulative percentage. Computed for 3 months (or 1 month for March instalment).
Use via API
GET/v1/tax-law/sections/by-2025-ref/275
Programmatic access - free, no signup required. ISR-cached for 24 hours.
REQUEST · cURL
curl https://api.thynktax.com/v1/tax-law/sections/by-2025-ref/275
RESPONSE · 200 OK
{
"act_2025_ref": "275",
"old_reference": "Section 234C, Income Tax Act 1961",
"title": "Interest for deferment of advance tax instalments - Section 275",
"category": "Section",
"limit_or_rate": "-",
"applicable_to": "-",
"effective_from": "2026-04-01"
}