Advance Tax – Guide

By | 2018-08-08T08:53:37+00:00 June 29th, 2016|Categories: Income Tax Guide|Tags: , |

Advance Tax   Advance Tax is a way of collection of tax by the government. If total income of an asessee exceeds Rs 10,000 in a financial year, tax is payable in installments of your yearly tax payable. It should be paid in the year in which the income is earned. In other words, it is [...]

Advance tax payment

By | 2018-08-08T08:51:12+00:00 June 25th, 2016|Categories: Tax payments and Refund, Tax Savings|Tags: , |

Advance Tax   As the name says, advance tax is the tax paid by individual before the end of financial year. Tax is paid in 3-4 installments depending upon the type of assesee. It is a “pay while you earn” approach. Every person whose total income exceeds 10,000 is liable for advance tax payment on or [...]

Due Dates for Advance tax payment and Interest Penalty

By | 2018-08-08T09:18:15+00:00 June 25th, 2016|Categories: Tax payments and Refund|Tags: , , |

Dates for Advance Tax   Advance tax is a way of collection of tax by the government. If total income of an asessee exceeds Rs 10,000 in a financial year, tax is payable in installments of your yearly tax payable. It should be paid in the year in which the income is earned. In other words, [...]

Calculate Advance Tax

By | 2018-08-08T09:11:39+00:00 June 24th, 2016|Categories: Tax payments and Refund, Tax Savings|Tags: , |

Advance Tax   Advance tax is a mean of payment of tax where the assessee pays tax while he earns in installments instead of lump sum payment at end of the year. Advance tax is paid if the total income exceeds Rs. 10,000 in a financial year. Seniors citizens older than 60 years of age who [...]