Do I need to file Advance tax if employer has not deducted TDS

Hello Experts,

I joined new company in  March and new company has paid my March salary without deducting TDS.

Do I need to pay Advance Tax by March 31 or can I pay it later also as self-assessment tax ?

My TDS liability is more than 10000 rs.

Thanks

Replies (3)
Quick Summary
If your employer hasn't deducted the full amount of TDS on your salary, and your total tax liability exceeds £10,000, you are generally required to pay Advance Tax. While the final instalment was due on March 15th, you can still pay by March 31st to avoid interest and penalties. Alternatively, you can pay it as Self-Assessment Tax when filing your Income Tax Return, but this may incur penalties.

Since your new company didn't deduct TDS on your March salary, you'll need to address this tax liability. Advance Tax or Self-Assessment Tax: - *Advance Tax*: You're required to pay Advance Tax if your tax liability exceeds ₹10,000 in a financial year. Since your TDS liability is more than ₹10,000, you should pay Advance Tax. - *Due Date*: The last installment of Advance Tax for FY 2023-24 is due on March 15, 2024. However, since you've missed this deadline, you can still pay the tax liability by March 31, 2024, to avoid interest and penalties. Self-Assessment Tax: - *Option*: You can also pay the tax liability as Self-Assessment Tax while filing your Income Tax Return (ITR) by the due date (usually July 31, 2024). - *Interest and Penalties*: Keep in mind that paying Self-Assessment Tax later may attract interest and penalties, which can be avoided by paying Advance Tax. Recommendation: 1. *Pay Advance Tax*: To avoid interest and penalties, consider paying Advance Tax by March 31, 2024. 2. *Consult a Tax Professional*: If you're unsure about the process or have specific questions, consult a tax professional. 3. *Maintain Records*: Keep records of your tax payments, including Advance Tax or Self-Assessment Tax, to ensure accurate reporting in your ITR.

Thanks Mr. Rama for a very well explained answer. 

If your employer did not deduct enough TDS, you have to pay advance tax yourself once the remaining tax liability crosses Rs. 10,000 for the year. The first installment of 15% of your estimated tax is due June 15, so it is a good time to check your payslip and estimate the gap. Advance tax is paid as a challan on the income tax e-filing portal under the self-assessment option.
Calculate your estimated income, subtract the TDS your employer already deposited, and pay 15% of whatever is left by June 15.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details