if an employee salary is more than 10lacs annually
on monthly basis had been deducted tds on salary & same also depositing to govt
in that case employee need to deposit his/her advance tax on quarterly basis
Hai Jatinder,
Advance tax payment is not required for salary income if TDS is already being deducted. If your employee is having any other income then Advance tax provisions will be applicable for that income only.
To conclude Advance tax provisions are not applicable for salary if TDS is being deducted.
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