Need clarification

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 July 2011 Hi,

Is salary person has to pay advance tax?, please explain me regarding advance tax for salaried persons

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
Follow

03 July 2011 No as the TDS is deducted by the employer on monthly basis. So he need not deposit advance Tax. Advance tax is deposited by other than Salary income persons, companies etc.

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
Follow

03 July 2011 EVERY PERSON IF TAX PAYABLE EXCEEDS 10000 DURING THE YEAR IS REQD TO PAY ADVANCE TAX
BUT THIS TAX IS CALCULATED AFTER TDS
IN SALAY CASES TAX IS DEDUCTED IN ALL CASES BY EMPLOYER THEREFORE THEY GENERALLY DO 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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Ishwar Radhakisan Tawani

Lalan Kumar Jha

Kalyan Guha

Rajat Khandelwal

Sanoj T

Subscribe Now

Need clarification

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

Article Assistant

GST CONSULTANCY

Manager- Finance and Compliance

GST CONSULTANT

CA Final