Advance tax
This query is : Resolved
01 February 2020
Sir if monthly gross income of a salaried person is 100000 and monthly tax deducted and paid by the employer of the person concerned is Rs 3000.Will he be liable to pay advance tax ?
02 February 2020
Yes...
I think, The 3000 is very lesser amount of TDS. May be TDS will be deductible around 13k in every month after claim 80C limit...
Better to check out with Your consultant.
26 May 2020
If you Income Tax liability is equal to or more than Rs. 10K you need to pay Advance Tax as per Income Tax. Please calculate Net Income liable to tax after all deductions and rebates.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Tds on building rent monthly
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
