[video] What to do when you have income tax due

E-file income tax returns with http://cleartax.in to make sure your returns are prepared accurately.

Have to pay tax? This guide shows you to pay tax that is due: https://goo.gl/Q124Ev

Use our Tax Calculator to figure out your taxable income: https://goo.gl/yDLLQZ

No one wants to see a tax due message when they’re filing their returns. But that’s nothing to get worried about; there’s always a reason behind tax being due.

Maybe your new employer didn’t deduct tax accurately after you moved into the new job. This is actually very common.

You could also see tax due if you earned income other than your salary. This is also common.

Whatever the reason, you need to be doubly sure that there are no outstanding taxes to be paid. If you see a tax due message, you should redo the tax computation by adding up the income you’ve earned and checking Form 26AS to see how much tax has been paid.

You will have to pay the remaining tax to the government before you file your returns.

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2 Responses to [video] What to do when you have income tax due

  1. Steve Lopez June 26, 2016 at 9:30 pm #

    Could you please help clarify how to handle following scenario:

    Employee has vested RSUs from US based employer. Organization gets acquired by another organization.Vested shares are converted into a higher valued shares of combined company. Since employee hasn’t sold any of his shares, does he have to pay tax for the gain from conversion.

    • cleartax-team July 3, 2016 at 9:58 pm #

      As per Indian Tax laws such a transaction usually involves a Capital Gain which shall be taxable in India. If you need an expert to assist you with this matter, please leave a comment here or drop us an email support@cleartax.in