Advance Tax | Job Switch
This query is : Resolved
Jatin Sachdeva
(Querist)
26 June 2023
Hi Sir/Ma'am,
I have recently changed the company and no TDS was deduced on the salary of april, may and bonus. I have calculated how much tax I will have to pay on that salary. (by calculating my annual income : previous company salary + june - april 2024 salary of new company).
Can I pay the whole advance tax in one go instead of paying it in every quarter.
Advance tax is 50k and in new organization I have mentioned my income from previous employer and I have mentioned 50k as TDS on that.
What can I do now?
I have recently changed the company and no TDS was deduced on the salary of april, may and bonus. I have calculated how much tax I will have to pay on that salary. (by calculating my annual income : previous company salary + june - april 2024 salary of new company).
Can I pay the whole advance tax in one go instead of paying it in every quarter.
Advance tax is 50k and in new organization I have mentioned my income from previous employer and I have mentioned 50k as TDS on that.
What can I do now?
CA R SEETHARAMAN
(Expert)
26 June 2023
Yes, go ahead as proposed no problem
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