I got the last savings bank interest on 25.03.2019 and as it is taxable I am trying to pay the amount of tax on the interest amount. I select
Assessment Year 2019 20
But at the time of proceeding I got this message "Assessment Year cannot be greater than the current financial year for the type of payment selected by you"
If I select
Oh then I have to choose 100 ( advance tax) for paying this one. Many thanks for the reply.
In response to all of your question I have to say that I am a salaried person and my employer deducted an amount of Income Tax Rs 83384.00 for the financial year 2018-19 against my salary , and as per my thinking the interest which I have earned in my savings account is also taxable and I have to pay tax on this interest amount so I like to pay the advance tax ( though the interest amount is very very small ) . If my thinking is wrong please guide me quickly as I have only two days to pay this one.
Thanks for all of your help so far.
My interest amount is far far below 10 K.
No need to pay advance tax as your Interest is below Rs.10000. You can claim interest as deduction u/s 80TTA at the time of filing your ITR.
Thanks for the help.
CAclubindia
