Tue, Mar 12, 2024
Advance Tax Filing Deadline: The Income Tax Department (I-T) is running an advance tax e-campaign. Under the programme, it is informing taxpayers to deposit the due amount of advance tax by March 15. Advance tax is not for every taxpayer. Know what is advance tax? Is it different from normal tax? How do you pay it? And, what will be the penalty if you miss the advance tax deadline?
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Tue, Dec 12, 2017
If you miss the first deadlines for advance tax payment, you will have to pay interest, which is computed as 1% interest on the defaulted amount for every month until the tax is paid off completely.
Wed, Jun 14, 2017
Advance Tax Payment has been given as an option by IT department to make payment of taxes in installment. Four dates are been provided and if a taxpayer does not make payment by end of March 2018, he or she will have to make 100% advance tax.
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