Is Advance Tax Payment Mandatory for Salaried Employees | If TDS is Deducted by Employer

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  • Опубліковано 12 лис 2024

КОМЕНТАРІ • 16

  • @IBATraining
    @IBATraining  Рік тому +2

    Any query related to Income Tax, please write in the comment section.

    • @keyah30
      @keyah30 Рік тому

      Sir I completed my graduation in the year of 2021. I want to start my career into the accounts field. As you said earlier, they want a multitasker. Including day to day transaction, balance sheet, gst, tds , tcs. But I don't how much sections have to read. Can you tell me?

  • @sayaniadhikary3951
    @sayaniadhikary3951 10 місяців тому +1

    Sir, I didn't change any company during the year, and TDS was deducted every month....but whenever I was filing the ITR, it shows interest u/s 234b, and 234C...
    Please suggest what I should do in that case???

  • @balasubramaniyam3523
    @balasubramaniyam3523 Рік тому

    Hi, I have an doubt if an salaried person already laid in 30% slab and tds is detecting every month.
    If they have additional captial gain taxable income of 2L. In this case, that the person need to calculate the overall taxable income or calculate only captial gain @30% slab for advance tax.
    If they calculate overall income is the tds is reduced initially before applying 15%, 45%,70%,100% advance tax qtr or till tds detected minus overall taxable income?

  • @AmitKumar-fg2um
    @AmitKumar-fg2um Місяць тому

    Sir wonderful video but meri query kindly solve kijiye...
    Main ek employee hu Maan lijiye Mera employer TDS deduct karta hai har month salary se but meri other incomes bhi hai jaise Rent income, agriculture income etc uske liye kya mereko alag se advance tax pay karna hoga?

  • @SANDIPDAM
    @SANDIPDAM 8 місяців тому

    Sir i forget to pay tax from salary in due time, can I pay advance tax from income tax portal

  • @Shikshak-bt8pv
    @Shikshak-bt8pv 8 місяців тому

    Sir why you didn't deduct standard deduction of 50000 in income calculation please reply

  • @SuperPhantom84
    @SuperPhantom84 3 місяці тому

    hi sir, i was working in corporate company and resigned on march 29/2024....now i am not working and in outside india.my company deducted advance tax and i am eligible for refund when i checked and while filing 2024-25 ITR.But verification page i am getting error like this.."Amount of gross salary declared is less than the amount of gross salary declared in TDS 1."
    i assume that it is because my employer declared the tax liabilities in january 2024.How to update that ?any solution?

  • @divvideos3623
    @divvideos3623 4 місяці тому

    Hi I am Naresh Kumar. I saw ur video which are very good and knowlegeable. I am a govt employee and tax has been deducted by my office every month. Now when I files ITR, it shows Interest U/s 234B and 234 C. Why this interest put on me because tax deducted by office.

    • @IBATraining
      @IBATraining  4 місяці тому

      There might be 2 reasons, either less TDS deducted by the employer or secondly other incomes other than salary added while filling ITR, on which TDS or advance tax did not pay,

  • @MrPrasadanil
    @MrPrasadanil 4 місяці тому

    sir, I didn't switch my job, my TDS was properly dedicted every month, still today when I started filing ITR, it showed me advance tax liability of 83k, what could be the reason?

    • @IBATraining
      @IBATraining  4 місяці тому

      There might be 2 reasons, either less TDS deducted by the employer on salary incomes or secondly other incomes other than salary added while filling ITR, on which TDS or advance tax did not pay,

    • @MrPrasadanil
      @MrPrasadanil 4 місяці тому

      @@IBATraining no sir both are not applicable...tds was deducted properly as per new regime and there is no other income also. I have raised grievance with IT department. Let's see.

    • @niveshdarpan
      @niveshdarpan 3 місяці тому

      ​@@MrPrasadanil interest from savings bank and deposits

  • @ynsamel99
    @ynsamel99 8 місяців тому

    Sir, I am working in PSU, I invest in MF & Equity where I get details about how much Advance Tax I have to pay because last year my CA told me you didn't pay Advance Tax hence you have to 3 Advance Tax+ penalty, Please guide

  • @csarkar2361
    @csarkar2361 3 місяці тому

    Sir i am school teacher....I tax payable amount 32000 ....i have not given permission to deductor to cut TDS and i have paid Advance tax....Can i did it...or it is right process to give advance tax in lieu of TDS...FY 2024-25