Advance tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 March 2015 Hi

my monthly tds is deduct Rs.24000 per month in this financial year , so i want to pay advance tax or not .please advice .

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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16 March 2015 it depends on your total income.. how much taxable income u have dear...

CA Kapil Verma

CA Kapil Verma (Expert)
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16 March 2015 Ankit is correct.

calculate the Total tax liability and less The TDS deducted if there is balance tax payable,

Then pay advance tax.

actual applicability and benefit of paying advance tax can be calculated only with supporting. you should contact a profession l to do so.

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Rupesh Jain

Rupesh Jain (Expert)
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16 March 2015 you have to calculate total income and then if your tds amount not sufficient to pay off your tax libaility then you have to pay advance tax.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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16 March 2015 http://taxguru.in/income-tax/advance-tax-provisions-in-brief-download-advance-tax-payment-challan-and-utility-to-pay-income-tax-online.html.

read full article about advance tax liability