Advance tax is applicable when the total tax liability for a financial year exceeds Rs 10,000. It is computed based on the estimated income for the year and paid in instalments as per the due dates.

Step 2: Compute Taxable Income Deduct eligible ... Interest u/s 234B of the IT Act A taxpayer who is liable to pay advance tax u/s 208 of the I-T Act has either failed to pay the advance tax ...

Read on to avoid paying fines in the form of interest. March 15 is the last date to pay advance tax for the current financial year. Advance tax is essentially the tax you pay on all other income ...

Step 4: Pay Advance Tax in Instalments Make payment of advance tax in instalments as aforementioned. Advance tax is paid online via the NSDL website or through authorized banks using Challan No. 280.

The due date for paying your final advance tax instalment for FY24-25 is here. March 15th. Any individual whose estimated tax liability is likely to be over Rs 10,000 (after considering tax ...

Under Indian tax laws, if your total tax liability exceeds ₹10,000 in a financial year, you must pay advance tax in installments—15% by June 15, 45% by September 15, 75% by December 15 ...

While March 15, 2025, was the last date to pay advance income tax for FY 2024-25 you can still pay the last quarter’s due advance tax. This payment will attract interest under Section 234C.

(MENAFN- IANS) New Delhi, March 15 (IANS) The due date for paying the final installment of advance tax for the financial year 2024-25 is March 15, failing to pay may attract a penalty, according ...

With the April 15 deadline looming, taxpayers and tax pros must get returns done and out the door to the IRS. Here’s a look ...

Death, taxes, Delaware students taking home awards. These things can't be stopped. Over in Newark, city officials got one step closer to ... doesn't pay property taxes. City officials estimate ...