The sections under which interest for various defaults need to be paid are as follows:
- Section 234A for delay in filing the return of income
- Section 234B for default in payment of advance tax
- Section 234C for deferment of payment of individual instalment or instalments of advance tax
- Section 234D for excess refund granted to the taxpayer
- Section 201(1A) for failure to deduct tax at source/delay in payment of tax deducted at source
- Section 206C(7) is levied for failure to collect tax at source/delay in payment of tax collected at source