Advance tax is payable by all the assesses where the Tax payable during the financial year is Rs.10000 or more.
For all the assesses, the Advance tax Instalments and Due dates to deposit the same are as follows :-
Due Date of Deposit of Advance Tax | Instalment amount |
---|---|
15th June | At least 15% of Total Tax on Total Income during the financial year. |
15th September | At least 45% of Total Tax as reduced by Advance tax instalment already paid |
15th December | At least 75% of Total Tax as reduced by Advance tax instalment already paid |
15th March | 100% of Total Tax as reduced by Advance tax instalment already paid |
So,check for the advance tax date as applicable and don’t forget to deposit the same on timely basis.
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