Student
3986 Points
Joined July 2018
1. The above explanation of yours will be applicable only when the Net tax liability is more than Rs. 10,000.
2. Let's say your tax liability comes to Rs. 20,000. This entire Rs. 20,000 tax liability is covered under TDS u/s 192. Every month this tax liability deducted via sec 192. Now your net tax liability comes to Nil after deduction of TDS.
3. So, in this case, no need for payment of advance tax since tax liability is taken care of by deduction of TDS every month.
Please correct me if the above solution has an alternative view.