Income tax payment for additional incomes than salary?



I work in a IT company where Incxome tax is detucted in our salary. I have earning of 100000 from my investments. I had to pay an additional amount of 10000 or so as Income tax additionally to what my comapny detucts for income tax. How can I pay this. Do I need to show any documentation for my 100000 earning while paying this.
I got the money b investing the money in shares.

Income tax payment for additional incomes than salary?
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4 Replies to “Income tax payment for additional incomes than salary?”

  1. any taxes above what you have withheld from paychecks should be made as quarterly estimated payments using form 1040-ES
    if you’re talking about sales of stocks or mutual funds – you need to fill out schedule D for the 1040, sched A for int and dividends – you need to know dates bought and sold, costs and sales proceeds – which you should have from broker or investment company statements, receipts


  2. about sales of stocks or mutual funds – you need to fill out schedule D for the 1040, sched A for int and dividends – you need to know dates bought and sold, costs and sales proceeds – which you should have from broker


  3. 1.You can tell your company to hold additional TDS from your salary.
    2. You can make payment of advance income tax.
    3. You can pay the tax when you file your income tax return. In that case, if tax due is more than R. 5000, you will pay interest.

    For information on your India Income Tax return http://mytaxes.in/index.php?topic=32.0.


  4. Self Assessment Tax

    The Due Date of the Tax Return:
    The due date for filing your tax return (Forms ITR-1 to ITR-8) is July 31, 2008 for the assessment year 2008-09.

    Advance Tax Payments:
    The assessee must make payment of advance tax if the tax payable by the assessee for the year is Rs.5,000/- or more. The due dates for various instalments of advance tax are:
    September 15 — amount not less than 30% of such advance tax,
    December 15 — amount not less than 60% of such advance tax and
    March 15 — balance amount of such advance tax.

    You are supposed to pay self assessment tax by 31.03.2008.
    If you have not done so you have to pay interest at rate 1% per month.

    You will have to fill Challan ITNS-280 for depositing self assessment tax. You will have to pay Income tax + 3% education cess + Interest. Go to nearest SBI branch to complete this procedure. You have to attach the counter-foil of the challan with your ITR and enter the challan details in your ITR.
    You do not have to submit any documentation for showing earning while paying this.





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