I want to pay tax on int on BFD. But i get TDS cert after 31Mar & know remaining liab thereafter any penalty?



I m a salaried person my employer deducts the tax & pays the same regularly to Tax authority. Now i want to pay tax on my interest income. However i come to know my tax liability only after 31st March since i get TDS certificate after 31 March. So i want to know whether there is any penalty for remaining tax paid after 31st march.

I want to pay tax on int on BFD. But i get TDS cert after 31Mar & know remaining liab thereafter any penalty?
Rate these answers

2 Replies to “I want to pay tax on int on BFD. But i get TDS cert after 31Mar & know remaining liab thereafter any penalty?”

  1. You can inform your employer about your interest income and say him to deduct the tax on that along with your salary income. Employer will deduct the tax on that.


  2. No. If tax due is < Rs 5000/- & you pay before 31st July.If tax due is > Rs 5000/- then you were to pay advance tax. You will have to pay penalty u/s 234 B/C.

    HMT





Leave a Reply

Your email address will not be published. Required fields are marked *