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Due Dates for payment of Advance Tax
Posted on: 17/Jan/2017 11:50:47 AM
Advance tax payments have to be made in instalments as per due dates provided by the income tax department.
If total tax liability is Rs 10,000 or more in a financial year you have to pay advance tax. Advance tax applies to all tax payers, salaried, freelancers, and businessmen. Senior citizens.
Due Dates for payment of Advance Tax FY 2016-17
(both individual and corporate taxpayers)
|
Due Date |
Advance Tax Payable |
|
On or before 15th June |
15% of advance tax |
|
On or before 15th September |
45% of advance tax |
|
On or before 15th December |
75% of advance tax |
|
On or before 15th March |
100% of advance tax |
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