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Advance Tax

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Querist : Anonymous

Querist : Anonymous (Querist)

21 September 2010 In some organisations employers are not deduct TDS in the first half of the year (i.e., up to october) they deduct total TDS amount in the last 3 months i.e., January, February, March only. In this situation i have a small doubt is employees are liable to pay advance tax on quarterly basis, and i want to know the concequences (both employee and employer point of view) for the above situation.

Please give suggestion to me.

my mail ID: cakarthik.lvn@gmail.com

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

21 September 2010 Employee- if they comes under Advance tax,need to pay interest for non payment & deffered payment of advance tax

Employer- need to pay interest on late payment of TDS

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