HI
CAN ANY ONE TELL THAT IS ANY ADVANCE TAX PAID FOR SALARIED PERSON.
Menu
Advance tax on salaried person
Replies (3)
Not required in many casses
As Employer Has to Deduct TDS and Remit the same to Govt, Otherwise this Expenditure will be disallowed to Employer
And if at all Employer not deducting TDS, though he aware of Provisions, Employee may Voluntarily pay advance tax otherwise at the end he may require to pay interest on Tax Due
If at all Employee has any other Income other than his salary and which he was not informed to his employer, He should be liable to Pay Advance Tax
Dear Brajesh ji,
No advance tax is payable if the total tax liability after reducing the tax deducted at source is less than Rs. 10,000/-.
Advance Tax Installments & Due Dates
| Due Date | Amount of Tax |
|---|---|
| 15th September | At least 30% of Tax on total income for the year. |
| 15th December | At least 60% of Tax on total income for the year less advance tax already paid. |
| 15th March | 100% of Tax on total income for the year less advance tax already paid. |
Not required in many casses
As Employer Has to Deduct TDS and Remit the same to Govt, Otherwise this Expenditure will be disallowed to Employer
And if at all Employer not deducting TDS, though he aware of Provisions, Employee may Voluntarily pay advance tax otherwise at the end he may require to pay interest on Tax Due
If at all Employee has any other Income other than his salary and which he was not informed to his employer, He should be liable to Pay Advance Tax
Right prakash..
Recent Topics :
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
Related Topics :
CAclubindia
