Hi,
This is related individual asessee only "salary Income"
could you please guide me...........due to this Covid -19 lock down i could not get my tax calculation details from my employer which i recently left, about the TDS deducted for the AY 2020-21 & the Gross income calculation...
1)Hence , i did one approx calculation from my side & felt i will have to pay approx 40% of my total tax liability. My concern is now we already at 30th April' 2020, iam willing to pay some tax towards the income tax (lump sum), under what head i should pay it , should it be as advance tax (100) or Self assessment tax ( 300) ?what would be the implications if there is mistake while selecting the head?
2) Any idea that there is extension of due date for advance tax payment for AY 2020-21 till 30th June '2020 ? If yes will there be any interest on it considering it is as delayed payment ?
Note :- why i have a doubt if i can pay it as advance tax (100) , there is scrolling showing in the website "NSDL SITE, "PURSUANT TO COVID-19 RELIEF MEASURES ITD HAS NOW PERMITTED TAX PAYERS TO PAY ADVANCE TAX FOR 2020-21 AS WELL TILL 30TH JUNE 2020"
Thanks in advance
Siva