Should I pay advance tax

Originally posted by : Samantha J
	Pay advance tax now

What's the obsession with "pay advance tax now" in multiple topics?

There is no legal requirement to pay any advance tax. Even if one pays zero advance tax, it only results in an interest / penal charge, that's all.

I for one would rather pay slightly less tax than is due and then pay the interest rather than deal with a refund situation.

Originally posted by : Eswar Reddy S
	Employee has to declare other incomes like rent , interest etc through employer.But in practice people submit housing loan interest certificate and show loss from house property in form 16 but they don't show rental income

No they don't have to do any such thing. They can if they want to and the employer may factor it in if they want to, but there's no such requirement.

Originally posted by : Samantha J
	Jjj it's better to rectify mistakes at the earliest as issuing of false notice is rampant in kalyuga!

Firstly, I have no idea what that meant.

But more importantly, there's no mistake that needs correcting! 

Income from deposits is not an employer's problem from any angle. And payment of advance tax is not compulsory in this situation.