Is it okay to over-estimate my advance tax

Ramesh Babu (Mr.) (24 Points)

14 March 2020  

Hi,

Is it okay if I over-estimate my advance tax and pay it? What if my paid advance tax is actually higher than the tax I would need to pay after determining my accurate income after the end of the financial year?

Bonus Question: Can I include expenses like insurances, investments etc. if I make them after the 31st of march but before filing my IT returns?

Thank you