| Originally posted by : Amit Vashist | ||
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Sir I am a govt salaried person what is the formula of division of tax in quarterly So That notice of 243 may not come |  |
Yes... You are correct.
If your employer deduct TDS in your salary and It's deposited in timely then you can consider it as "ADVANCE TAX".
In case your Income not exceeded as per your Form 16 then no need any tax liabilities and the Sec 234B is not applicable. But, If you file your ITR after the Due Date then sec 234A is applicable...
Note :
In case any other Incomes will be added at the time of return then check your tax liability and It's Interests...
GOOD LUCK...
CAclubindia
