Advance tax payment amount

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BK (Querist)
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14 March 2014 Sir,

Please advise what amount to pay as advance tax in March, in case of accured income from FDs for which TDS is deducted and deposited by Banks in May or June when we receive Traces certificate and the same gets known to us in 26 AS also around that time only.

Would appreciate prompt response pls!

Best rgds...

Nikhil Kaushik

Nikhil Kaushik (Expert)
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15 March 2014 well if the TDS is reflecting in the FOrm 26AS of the relevant year correctly, then there is no need to pay advance tax for the same income.

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