Advance Tax First Instalment Payment: Find Out Who Has To Pay, Consequences Of Missing Payment
If you miss an advance tax payment, penal interest is charged under sections 234B and 234C.
Jun 14, 2024, 17:55 PM IST
Govt banking on advance tax collection to meet direct tax target of Rs 12 lakh crore
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.
Mar 15, 2019, 15:25 PM IST
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.
Jul 08, 2016, 18:41 PM IST
