If the amount of income tax that
anyone would be eligible to pay exceeds Rs.10,000, then advance tax needs to
be paid in 3 (Three) instalments.
The first due date is September 15, where you are required to pay at least
30% of the tax payable as advance tax.
The second due date is December 15, where at least 60% needs to be paid and
on the last due date that is March 15, 100% of the tax payable needs to be
paid.
If you defer any of these payments, then simple interest of 1% per month
would be levied as penalty.
No comments:
Post a Comment