Lets say a person makes 30,00,000 INR in a year. So he falls under 30% tax slab.
Lets say he also earns 1,20,000 INR from Savings Account Interest and FD Interest. This means, an additional tax of 30% i.e 36,000 INR needs to be paid.
Would the person need to file in Advance Tax before every quarter (15%, 45%, 75% and 100%)?