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Advance tax for only salary income
is it mandatory to deposit 75% of total tds liability of employee on his salary before 15 dec? or total tds is to be deducted in financial year without any percentage limit?
Replies (1)
Tds gets deducted from salary on monthly basis and is required to be deposited in government account before 7th of subsequent month.
while computing taxable income if total tds falls short of the liability then SA tax needs to be paid.
while computing taxable income if total tds falls short of the liability then SA tax needs to be paid.
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