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Advance tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 March 2012 if my tax liability is rs 20,000 minus tds is rs. 15000 = advance tax 5,000 but advance tax pay 10,000 or more and less than 10,000 there is no advance tax liability what will be of rs.5,000 how will treat
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
16 March 2012 Rs. 5,000/- need to be paid on or before filing the return of income and such tax is called as 'self assessment tax'.
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