Advance tax liability

This query is : Resolved

Front Office (Querist)
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06 November 2019 I'm a salaried employee paying tds u/s 192b. Is that i'm liable for the payment of advance tax if my salary is 200000 p.m

CA. Anshul Medatwal

CA. Anshul Medatwal (Expert)
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06 November 2019 Not required, If TDS is proper deducted

RAJA P M

RAJA P M (Expert)
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06 November 2019 Yes... I agreed to Mr CA Anshul Medatwal., In case You have any other income then consider with that Your Tax liability... Otherwise No need if TDS deducted on Your salary.

Kamal Kant Mittal

Kamal Kant Mittal (Expert)
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01 December 2019 You are not liable to deposit advance income tax as it is responsibility of the company to deduct TDS at proper rates u/s 192B. Be mindful you need to disclose all the sources of income to your employer if you are earning from source other than salary as well.