V C Jain
7 साल 2 महीने पहले
While Advance tax is payable in 3 installments based on estimated tax payable less TDS to be deducted. In case of TDS from salary it has been observed that TDS is not deducted prorata every month on estimated income tax due in the full FY. Employees manage large TDS in the last few months of the FY rather on equitable basis every month on estimated income tax payable for the FY.
This can be seen from Form 26AS of even govt. employees. This delays income tax collection of govt.and against rules.
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