Advance tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 March 2015
Hi
my monthly tds is deduct Rs.24000 per month in this financial year , so i want to pay advance tax or not .please advice .
my monthly tds is deduct Rs.24000 per month in this financial year , so i want to pay advance tax or not .please advice .
CA AnKiT BoHrA (AB)
(Expert)
16 March 2015
it depends on your total income.. how much taxable income u have dear...
CA Kapil Verma
(Expert)
16 March 2015
Ankit is correct.
calculate the Total tax liability and less The TDS deducted if there is balance tax payable,
Then pay advance tax.
actual applicability and benefit of paying advance tax can be calculated only with supporting. you should contact a profession l to do so.
calculate the Total tax liability and less The TDS deducted if there is balance tax payable,
Then pay advance tax.
actual applicability and benefit of paying advance tax can be calculated only with supporting. you should contact a profession l to do so.
Rupesh Jain
(Expert)
16 March 2015
you have to calculate total income and then if your tds amount not sufficient to pay off your tax libaility then you have to pay advance tax.
16 March 2015
https://taxguru.in/income-tax/advance-tax-provisions-in-brief-download-advance-tax-payment-challan-and-utility-to-pay-income-tax-online.html.
read full article about advance tax liability
read full article about advance tax liability
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