Advance tax v/s TDS
This query is : Resolved
07 October 2019
I am a govt employee I have estimated my annual income and monthly TDS is deducted from my salary.This month I have got some extra amount from my office should I pay advance tax on this amount so that my TDS amount remain the same .OR extra TDS in month of February when I inform my office about all the saving and all remaining tax is deducted from February salary.
07 October 2019
You have to recalculate your Anticipatory Statement and allow the DDO to Charge TDS from your Salary.Do not wait For February.
09 October 2019
is there any harm if I pay advance tax on amount received other than my salary so that my TDS remain the same
09 October 2019
You have to revise annual income after considering the additional amount received this month and work out the revised tax and from that TDS deducted so far to be subtracted and the balance tax payable is to be divided into 6 months and TDS to be deducted accordingly.
09 October 2019
You need not pay advance tax
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- SFT Cash Deposit in Current Account
- Annual return in Gst
- FORM 26A APPLICABILITY
- When TDS on GST applied
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
