I am working in a private organization. My new accountant calculated my income tax based on previous year tax slab. As per new tax slab and by my savings, this year tax is more than what she calculated. This year tax is coming around Rs. 11000/-, but she calculated it as Rs.9600 and deposited TDS to income tax department. Now she is telling that I can pay the balance tax with a penalty only. What is the actual procedure to be followed in my case?
Thanks in advance.