Income tax deduction for a contract employee having 50+ lpa salary
This query is : Resolved
05 December 2023
Hi,
As per email, the company will deduct only 10% TDS from the salary and rest will be deposited in my account. Do I have to pay more taxes when filing ITR or that would be it?
As per email, the company will deduct only 10% TDS from the salary and rest will be deposited in my account. Do I have to pay more taxes when filing ITR or that would be it?
05 December 2023
You need to pay advance tax as your tax deduction of 10% is not enough and also pay taxes while filing ITR.
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