Individual Tax Payment

dtechie

KF Ace
I am salaried individual. Can we ask companies to not deduct tax and ask them i will pay tax ? can we (as individual) pay tax by credit card?
 

TaxWiser

KF Mentor
I am salaried individual. Can we ask companies to not deduct tax and ask them i will pay tax ?
No, as a salaried individual in India, you cannot ask your employer to skip Tax Deducted at Source (TDS) on your salary and pay the tax yourself. Employers are legally required to deduct TDS from your salary based on your declared tax regime (old or new). If you do not inform your employer of your preferred regime, TDS is deducted as per the default (new) regime. TDS is mandatory for salaried employees, and you cannot opt out of this process.
can we (as individual) pay tax by credit card?
Yes, you can pay your income tax directly using a credit card through the official Income Tax e-filing portal. The portal provides a payment gateway option that accepts credit cards(1.8 - 2% convenience fee), debit cards, net banking, and UPI.

CCs recommendations: HDFC Biz Series CCs like Biz Black, Biz Power, Biz Grow & Biz First.
 

dtechie

KF Ace
No, as a salaried individual in India, you cannot ask your employer to skip Tax Deducted at Source (TDS) on your salary and pay the tax yourself. Employers are legally required to deduct TDS from your salary based on your declared tax regime (old or new). If you do not inform your employer of your preferred regime, TDS is deducted as per the default (new) regime. TDS is mandatory for salaried employees, and you cannot opt out of this process.

Yes, you can pay your income tax directly using a credit card through the official Income Tax e-filing portal. The portal provides a payment gateway option that accepts credit cards(1.8 - 2% convenience fee), debit cards, net banking, and UPI.

CCs recommendations: HDFC Biz Series CCs like Biz Black, Biz Power, Biz Grow & Biz First.
If TDS is sure shot to be deducted then How we can pay by credit card ?
 

TaxWiser

KF Mentor
If TDS is sure shot to be deducted then How we can pay by credit card ?
If you are a salaried individual, TDS on your salary is mandatory and must be deducted by your employer before paying you. This TDS is not something you can pay yourself by credit card-it is the employer’s legal responsibility to deduct and deposit it with the government.

However, if you have additional tax liability (for example, due to income from other sources or insufficient TDS deducted), you can pay the remaining tax (self-assessment tax or advance tax) directly online using a credit card through the Income Tax portal’s payment gateway.

Hope this clear all your doubts. 🤗
 

kalash@35

KF Ace
I am salaried individual. Can we ask companies to not deduct tax and ask them i will pay tax ? can we (as individual) pay tax by credit card?
1. Company can pay tax not pay tax by them .company can face penalty only for tds = company responsibility not you ( only can pay advance tax or self assessment tax if remaining balance as a tax
2. You only pay other income not a company salary tax
 
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