Amendment status not verified — confirm the current text below against the official source.
In calculating the interest payable under section 33, section 34 or section 36, the amount of tax in respect of which such interest is to be calculated shall be rounded off to the nearest multiple of one hundred rupees, if such part is fifty rupees or more, it shall be increased to one hundred rupees and if such part is less than fifty rupees, it shall be ignored.