11 July 2016
You have to calculate the interest u/s.234B & 234C clearly. interest not only for this 4 months. the applicable tax need to be paid or or before 31st March. during the year incase any short is there for for advance tax that also will be calculated
11 July 2016
Thank you for the prompt response. I read on another article that the salaried employees are not required to pay advanced tax if the tax liability is less than 10,000 and it could be deposited by 31 July without any penalty or interest. Please confirm.
11 July 2016
Thank you for the prompt response. I read on another article that the salaried employees are not required to pay advanced tax if the tax liability is less than 10,000 and it could be deposited by 31 July without any penalty or interest. Please confirm.
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