For penalty purpose
This query is : Resolved
31 March 2014
I am salaried person.i have received my directly through the bank and tds also deducted. now if i filed my income tax for A.Y. 2013-14 after the month of march-14. should i liable for penalty,tax is already deducted as a tds??? replied me fast
31 March 2014
If you have only salary income and no other income and Tax has been already deducted and there is no other tax liability then no interest is payable. But if you have any other income also and tax has not been deducted on it or amount of tax deducted is less then you will be liable to pay tax and interest on it.
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