INSUBCONTINENT EXCLUSIVE:
Advance income tax is paid in September, December and March, said the Income Tax Department.The last day to pay second instalment of advance
income tax for fiscal year ending March 2019 is on September 15
The Income Tax Department has been reminding people of paying the second instalment for advance income tax by the due date
Short/ non-payment/ deferment of payment of advance income tax will result in a levy of interest
Taxpayers can pay the second instalment of advance income tax online
Advance income tax is paid in September, December and March, said the Income Tax Department.Here are the key things to know about advance
as reduced by the tax deducted/ collected at source, is Rs 10,000 or more is liable to pay advance income tax
income taxe-payment is mandatory for all corporate houses and also those assessees whose accounts are required to be audited under section
Twitter handle @IncomeTaxIndia.(: Five-Year Fixed Deposit: Income Tax Benefits And Interest Rates Explained)Schedule for payment of advance
tax1) On or before September 15, 2018, you have to pay 45 per cent of the payable tax.2) On or before December 15, 2018, you have to pay 75
per cent of the payable tax.3) On or before March 15, 2019, you have to pay 100 per cent of the payable tax.The last date for filing of
income tax returns for fiscal 2018 was August 31.Income tax returns cannot be filed without a valid PAN card or permanent account number
PAN card should also be linked to the biometric Aadhaar card number.
