I was working with Company A from April 2024- Dec 2024 & my salary was under 5 lakh, So, company A did not deduct any income tax. during mid Dec 2024 I changed my company & am currently working in company B.
After mid Dec 2024 to Mar 2025, My salary is under taxable slab. Company B deducted income tax based on the salary they have given to me from Dec 2024 to Mar 2024.
Now, at the time of final filing ITR my total income clubbed (Company A + Company B). Hence, additional tax liability is showing while calculating final income tax. it is showing additional interest and pay also.
I am ready to pay the rest of the calculated tax but additional tax (Interest for default in payment of advance tax) is a worrying part as it is neither my fault nor any company.
Please advise if I can get a rebate on "Interest for default in payment of advance tax" and how?
Thank you in advance.
CAclubindia
