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Income tax deduction for a contract employee having 50+ lpa salary

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(Querist)
05 December 2023 Hi,

As per email, the company will deduct only 10% TDS from the salary and rest will be deposited in my account. Do I have to pay more taxes when filing ITR or that would be it?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 December 2023 You need to pay advance tax as your tax deduction of 10% is not enough and also pay taxes while filing ITR.

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