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, [...]