Advance tax on salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 April 2013
IS ADVANCE TAX LEVIED ON SALARIED INCOME..
CA Himanshu Kansal
(Expert)
04 April 2013
As per the provision of section 209 of the Income Tax Act 1961, every assessee need to deposit advance tax as per the percentage specified after deducting the TDS if any.
In case of salaried employee if the appropriate TDS has been duly deducted and deposited then no need to deposit advance tax.
In case of salaried employee if the appropriate TDS has been duly deducted and deposited then no need to deposit advance tax.
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