Sir, very well explained. You have explained the entire calculation in very simple language and not much of the complicated terms. Wonderful video .Thank you
Sir if senior citizen not having PGBP is exempt from Advance tax..... then even if the person is having intraday loss/gain then also senior citizen is exempt or Advance tax js payable?
Good Video Explained in Simplified Way. However 234B seems like a double Penalization considering that Interest penalty is already levied under 234C .Also its practically difficult to access up-to 90% actual advance Tax by 15th March. Got levied on both while filling returns.Painful for an Ordinary citizen.
Very informative. How does it work for a stock market trader who books Short term capital gain throughout rhe year? The profits will be volatile so how to even judge the self assessment tax by end of year?
Sir kya f.d ke interest mein bhi advance tax bharna hota hai....agar ha hai to quarter income kaise jaanne....ya koi alternative hai kya quarter quarter me naa bharke sidha saal ke ant me bhar de.....
sir good evening,Excellent explanation thank you so much. sir june maine ka adv tax maine nahi bara lekin sept maine mein adv tax 45% bar sakhtha hun kya? yadhi adv tax jadha barne par bi penalty lagtha hai kya sir.kindly reply sir.
How does this get calculated for long term capital gain if the amount is invested in capital gain account scheme for 1-2 years and if I purchase a house and then I have to pay LTCG so how will this get calculated at that point I.e. the interest on advance tax to be paid.
What if someone change job after 6 month and salary got increased by 100% then last two quarter's tax will be increased. And first two quarter's advance tax will be less (which is calculated on old salary). In this case interest will be applicable?
Same question... My salary was too too low for the first quarter. Then I switched on 1 July 2022 and post which my salary is 3x. Which caused 15% of total tax for financial year way too high in comparison to the tax deducted by my previous employer.
30 dec ko advance tax jama kiya ho to kya use 15march ko bhara hua mana jayega....? aur march tak ki puri penalty lagegi...? .ya fir penalty 30 dec ke baad nahi lagegi....?..
Sir, my income 1178000, Nps contribution is 97779 and TDS is (15000+15000+15000+33000)=78000, what will be the income tax and interest for the year under new tax regime?
If I have missed to pay the advance tax for 2nd quarter on 15th september so can i pay the advance tax today on 29-9-22 with interest 1% for 1 month only??
Very well explained. i have doubt, is this applicable to Salaried person? I can see both has been charged in prefilled details on ITR. Tax is auto deducted by Employer, then how Salaried user can be levied this charges. Moreover how salaried user can pay advance tax? Please advise
Same with me. The employer is deducting tax on a monthly basis but still interest amount charged for deferred payment of taxes. Is it possible to pay advance tax by ourselves? If not, then how to save this amount?
Can we pay advance tax by ourselves? My tax gets deducted on a monthly basis by my employer. I have already declared my 80C investments, 80D and HRA to the finance team of my company. Still I had to pay a total amount of 16000 rupees under 234B and 234C this year. Can you please assist me here?
Yes, you can pay the advance tax in the case of salaried person also, if suppose, have any other incomes, which are not declared to employer, if each income is properly declared to employer, then the employer has to calculated & deduct the TDS properly, if TDS not calculated & deducted properly, then this is the reason the interest amount is reflecting in ITR.
234c is a very stupid rule, what if most of my payments are received at the fy end, then it would mean i have to pay interest for the money i didn't even had. Considering i get my 12th month salary in 31st march and as well the bonus it would mean , i have to pay both 234B and 234C.
My property income 92 lac in march23i If I have paid zero advance tax on 31st March 2023 My adv tax aprox 15 lac in 2023-24 I want 40 lacs by rec bond in April 24 Than how many paid interest to it dept
Sir, very well explained. You have explained the entire calculation in very simple language and not much of the complicated terms. Wonderful video .Thank you
Thank you so much sir for better explanation ❤
Nice presentation, laud from West Bengal
Loved your video. The way you explained is mind blowing. Thanks for making such videos. Already pressed like button :D
Very Informative,,Thank You sir
Mind blowing teaching way ❤❤ 12:36
Thank you for the kind words.
Thank you Sir for explaining briefly
Well explained...Much clear
Any query related to Advance Tax, please write in the comment section.
Sir agar September me nhi kiya or October me kiya to tax 1% lagega ki 3 month ka
Thank you sir u explained well❤
Nice presentations of 234 section👍👍👍
Thanks Sir. Very useful information
VERY GOOD USEFUL
Thanks sir very helpful video
Nice video sir
Well explained
Good information Sir
Nice explanation
good one
Sir if senior citizen not having PGBP is exempt from Advance tax..... then even if the person is having intraday loss/gain then also senior citizen is exempt or Advance tax js payable?
Very nicely explained.👍
I'm learning this after paying 234A + 234B + 234C = 24K 😭
Bhai hamari firm ka to 133k bharna aaya
jo imp hai vo koi batata hi nahi muje bhi 2000 rs bharna pad raha hai
Same here bro, paid 20k and then came on this video to see what is that.
Ab aap apna tax time se bharoge😂
Please include 12%-36% rule
nice teaching sir
Good Video Explained in Simplified Way. However 234B seems like a double Penalization considering that Interest penalty is already levied under 234C .Also its practically difficult to access up-to 90% actual advance Tax by 15th March. Got levied on both while filling returns.Painful for an Ordinary citizen.
Hello sir please uploaded English subtitles video. Very useful for everyone thanks
Excellent Explanation ❤️
Very informative. How does it work for a stock market trader who books Short term capital gain throughout rhe year? The profits will be volatile so how to even judge the self assessment tax by end of year?
Got answer from your 3 weeks old video, thanks alot.
🎉 thank you sir
Excellent excellent
fantastic
Sir, show some examples where assessment is made and the income is enhanced or where by revision order the income is reduced...
Sir kya f.d ke interest mein bhi advance tax bharna hota hai....agar ha hai to quarter income kaise jaanne....ya koi alternative hai kya quarter quarter me naa bharke sidha saal ke ant me bhar de.....
Fine sir thank you
sir good evening,Excellent explanation thank you so much. sir june maine ka adv tax maine nahi bara lekin sept maine mein adv tax 45% bar sakhtha hun kya? yadhi adv tax jadha barne par bi penalty lagtha hai kya sir.kindly reply sir.
Sir income 1cr se jyada h company assessed h to surchrge bhi lagega
Nice video
If 2 or 3 day late in advance tax then panalty?
How does this get calculated for long term capital gain if the amount is invested in capital gain account scheme for 1-2 years and if I purchase a house and then I have to pay LTCG so how will this get calculated at that point I.e. the interest on advance tax to be paid.
In case of corporate, if self assessment tax is paid on 29.10.21, 29.11.21 & 29.01.22 then how we will calculate interest under sec 234B.
Agar income hu Sept me hui ho to Sept ko first quarter mana jayega kya
should the TDS be deducted from SAT
Sir, SAT hum sep-21 mai calculate kar rhe hai or payment Q1-2020 mai kar rhe hai SAT ko base maan kar, SAT kab banayege 2021 mai ya 2020 mai
what if order u/s 144 is passed against him on 30th march 2023, how 234B will be calculated?
What if someone change job after 6 month and salary got increased by 100% then last two quarter's tax will be increased. And first two quarter's advance tax will be less (which is calculated on old salary). In this case interest will be applicable?
Same question... My salary was too too low for the first quarter. Then I switched on 1 July 2022 and post which my salary is 3x. Which caused 15% of total tax for financial year way too high in comparison to the tax deducted by my previous employer.
Section 234 b and section 234 c applicable for senior citizens even pay tax after 31st march and before itr filling due date???
Please make a video on Self assesment tax calculation example
30 dec ko advance tax jama kiya ho to kya use 15march ko bhara hua mana jayega....? aur march tak ki puri penalty lagegi...?
.ya fir penalty 30 dec ke baad nahi lagegi....?..
If paid after 15th Dec, then it will be consider in March.
well explained. What about 234A section? when it is applicable?
Its applicable when you late file for return
Thanks
Thanks
Sir, my income 1178000,
Nps contribution is 97779 and TDS is (15000+15000+15000+33000)=78000, what will be the income tax and interest for the year under new tax regime?
Thanku sir
If someone has changed his job in Dec and the new company hasn't submitted the tax then what will happen..
If I have missed to pay the advance tax for 2nd quarter on 15th september so can i pay the advance tax today on 29-9-22 with interest 1% for 1 month only??
No still applicable for 3 month
Very well explained. i have doubt, is this applicable to Salaried person? I can see both has been charged in prefilled details on ITR. Tax is auto deducted by Employer, then how Salaried user can be levied this charges. Moreover how salaried user can pay advance tax? Please advise
Advance tax not to be paid by salaried person, because the employer is itself deducting TDS within the year.
Same with me. The employer is deducting tax on a monthly basis but still interest amount charged for deferred payment of taxes. Is it possible to pay advance tax by ourselves? If not, then how to save this amount?
234b ka interest paid kar diye hai lekin revised itr me payable kyo show kar raha hai.
Sir What about Individual having PGBP Under sec 44ADA??In that case how do we calculate 234C?
You dont have to pay quarterly advance tax in case of presumptive income, whole amount of tax is to be paid in one installment before 31st march of FY
@@shivamgarg4529 before 15th March not 31st March
But for example humne 1st qtr mein hi full advance tax bhar diya on safer side toh koi issue hoga??
No
What if all the tax is paid 3 months after the end of financial year?
234c and 234 b both applicable
Can we pay advance tax by ourselves? My tax gets deducted on a monthly basis by my employer. I have already declared my 80C investments, 80D and HRA to the finance team of my company. Still I had to pay a total amount of 16000 rupees under 234B and 234C this year. Can you please assist me here?
Yes, you can pay the advance tax in the case of salaried person also, if suppose, have any other incomes, which are not declared to employer, if each income is properly declared to employer, then the employer has to calculated & deduct the TDS properly, if TDS not calculated & deducted properly, then this is the reason the interest amount is reflecting in ITR.
Sir, who is suppose to pay interest employee or employer. It is reflected in my ITR. I have paid. Can I get refund
80C me 1.5 lakh dikha sakte hai kiya ?
234c is a very stupid rule, what if most of my payments are received at the fy end, then it would mean i have to pay interest for the money i didn't even had.
Considering i get my 12th month salary in 31st march and as well the bonus it would mean , i have to pay both 234B and 234C.
My property income 92 lac in march23i
If I have paid zero advance tax on 31st March 2023
My adv tax aprox 15 lac in 2023-24
I want 40 lacs by rec bond in April 24
Than how many paid interest to it dept
Good explanation sir, thanks for knowledgeable video
Very well explained ❣️