Advance tax payment date extended from March 15 to March 18

Business

oi-Sunil

By Sunil Fernandes

Published: Saturday, March 15, 2014, 10:13 [IST]

The Final Installment of Advance tax for Financial Year 2013-14 is required to be normally paid on or before March 15, 2014 by the tax payers who are liable to pay advance tax.

These taxpayers can make payments in the designated branches of the authorized banks, electronically or physically, as per law. The banks are open for half day on March 15, 2014, being a Saturday.

Accordingly, to facilitate payment of this installment of Advance tax for the Financial Year 2013-14, the Central Board of Direct taxes (CBDT) has issued an order to extend the time limit to make such payments of Advance Tax, from March 15 , 2014 to March 18, 2014.

Taxpayers, therefore, can now pay their advance tax installment by Tuesday, 18th March, 2014 without entailing any consequential interest for deferment.

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