E-payment of tax
This query is : Resolved
04 August 2014
As per Income Tax, if tax liability is more than Rs.100,000/- for financial year then tax will be required to pay online. My query is Rs.100,000/- is for self asst. tax only? if my TDS is deducted for Rs.100000/- and i need to pay Rs.5000 as self asst, then can i pay it in cash or online as my total tax is Rs.105,000/-?
04 August 2014
TAX LIABILITY MEANS TAX ON YOUR INCOME BEFORE TDS ADJUSTMENT,
TAX LIABILITY MEANS NOT "TAX PAYBLE"
IN YOUR CASE YOUR TAX LIABILITY IS 105000
AND YOUR TAX PAYBLE IS RS 5000
SO YOU ARE REQUIRED TO PAY TAX ONLINE RS. 5000
TAX LIABILITY MEANS NOT "TAX PAYBLE"
IN YOUR CASE YOUR TAX LIABILITY IS 105000
AND YOUR TAX PAYBLE IS RS 5000
SO YOU ARE REQUIRED TO PAY TAX ONLINE RS. 5000
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