Advance tax
This query is : Resolved
02 August 2011
Dear Sir,
I am 61 years old and retired person.
My income comes from pension and bank FD interest.
My Tax liability from 01/04/2011 to 31/03/2012 is about RS 16000.
I have submitted 15H form to the bank not to deduct TDS from my FD interest.
I want to confirm whether I have to pay advance tax every quarter in EMI on Rs. 16000/- or whether I can pay tax once in a year before 31/03/2012.
Regards,
Pahlaj.
I am 61 years old and retired person.
My income comes from pension and bank FD interest.
My Tax liability from 01/04/2011 to 31/03/2012 is about RS 16000.
I have submitted 15H form to the bank not to deduct TDS from my FD interest.
I want to confirm whether I have to pay advance tax every quarter in EMI on Rs. 16000/- or whether I can pay tax once in a year before 31/03/2012.
Regards,
Pahlaj.
02 August 2011
If you are confirm your tax liability you be pay the advance tax in every quarter.
05 August 2011
Thank you for your reply. I want to understand that I have missed one quarter, so how should I go about paying my taxes.
Should I pay for 2 quarters together and then regularise it quarter on quarter.
Please advice.
Thanks and Regards,
Pahlaj.
Should I pay for 2 quarters together and then regularise it quarter on quarter.
Please advice.
Thanks and Regards,
Pahlaj.
05 August 2011
No problam you shoul pay the 2 quarter and continued.
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