Need clarification
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 July 2011
Hi,
Is salary person has to pay advance tax?, please explain me regarding advance tax for salaried persons
Is salary person has to pay advance tax?, please explain me regarding advance tax for salaried persons
03 July 2011
No as the TDS is deducted by the employer on monthly basis. So he need not deposit advance Tax. Advance tax is deposited by other than Salary income persons, companies etc.
03 July 2011
EVERY PERSON IF TAX PAYABLE EXCEEDS 10000 DURING THE YEAR IS REQD TO PAY ADVANCE TAX
BUT THIS TAX IS CALCULATED AFTER TDS
IN SALAY CASES TAX IS DEDUCTED IN ALL CASES BY EMPLOYER THEREFORE THEY GENERALLY DO NOT PAY ADVANCE TAX
BUT THIS TAX IS CALCULATED AFTER TDS
IN SALAY CASES TAX IS DEDUCTED IN ALL CASES BY EMPLOYER THEREFORE THEY GENERALLY DO NOT PAY ADVANCE TAX
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