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Self assessment tax/advance tax ?
I am a government employee. I deducted tds monthly for FY 2021-22.But did not deduct full tax from my salary. Can I pay the remaining amount by 31st March? How self assessment tax/advance tax ?
Replies (3)
Quick Summary
Yes till 31st Advance tax
For govt employees they consider the year from March to February ..But for income tax purposes April to March..
You keep the amount in FD 4 months and pay as self assessment tax at the time of filing ITR along with interest
You keep the amount in FD 4 months and pay as self assessment tax at the time of filing ITR along with interest
Either you can pay under the head Advance Tax before 31st March 2022
Or you can pay after 31st March 2022 under Self Assessment Tax
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