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advance tax payment

12 Dec 2024

Advance Tax Payment: What Happens If You Miss December 15 Tax Deadline? Know

If your estimated tax liability exceeds Rs 10,000 after accounting for tax deducted at source (TDS), you are required to pay advance tax.

advance tax payment

14 Jun 2024

Advance Tax Deadline June 15: Consequences Of Missing Payment

If you miss an advance tax payment, penal interest is charged under sections 234B and 234C.

advance tax payment

15 Mar 2019

Govt banking on advance tax collection to meet direct tax target of Rs 12L cr

Under the Income Tax Act, any assessee, including salaried employee whose estimated tax liability for an year exceeds Rs 10,000 needs to pay advance tax.

direct tax collection

08 Jul 2016

Direct tax mop-up jumps 25% to Rs 1.24 lakh crore in Apr-Jun

Direct tax collection registered a growth of 24.79 percent to Rs 1.24 lakh crore during April- June period, mainly on account of early advance tax mop-up.

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