Payment of income tax
This query is : Resolved
14 July 2016
Dear Sir I am working in central govt. org. I have shown my income from salary and the Interest on Fixed Deposit in Income from Other Sources when I add the Interest on F.D It is showing I have to pay some tax after consumed my TDS. I came to know that to pay tax using with 280 challan Self Assessment tax radio button. Now my question is I have to pay any Interest?
15 July 2016
Interest is to be paid for late from 1.4.2016. You can calculate this from Tax AY 2016-17 utility calculator available at Income Tax web site site. Check whether your tax is below 2000 or not as it will be zero tax under section 87A deduction applicable to all resident Indians.
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- GST ON DAMAGED GOODS
- Specified Profession
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
