What is the Ist instalment of Advance tax (FY 2018-19)
1) Salaried bank employees (my wife)
2) Professional consultant (self )
Menu
Ist instalmet of advance tax
Replies (4)
| Due Date of Installment | Amount Payable |
|---|---|
| On or before 15th June | 15% of the Advance Tax |
1. For Salaried person, no need to pay advance tax.
2. For other if tax payable is more than 10000, then pay advance tax in four installement. Due date is mentioned above by Mr. Rahul.
2. For other if tax payable is more than 10000, then pay advance tax in four installement. Due date is mentioned above by Mr. Rahul.
As per my view,
Advance Tax is payable by Salaried Employees also, if
The difference between actual tax liability on Salary and TDS (Tax Deduction at Source) is more than Rs 10,000.
Also, make sure that she does not have income from other sources like Interest from Bank FD, Investment Income. The advance tax is definitely payable even by salaried employees on their other income.
Recent Topics :
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
Related Topics :
CAclubindia
