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Self assessment tax/advance tax ?

25 March 2022

I am a government employee. I deducted tds monthly for FY 2021-22.But did not deduct full tax from my salary. Can I pay the remaining amount by 31st March? How self assessment tax/advance tax ?

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3 Replies

Krishan kant (student) (600 Points)
Replied 25 March 2022

Yes till 31st Advance tax

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Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 25 March 2022

For govt employees they consider the year from March to February ..But for income tax purposes April to March..

You keep the amount in FD 4 months and pay as self assessment tax at the time of filing ITR along with interest