Page 2 Advance Tax: Latest News and Updates, Top Stories, Videos, Photos About Advance Tax

How To Calculate Advance Tax?

The tax department has mandated the payment of Income tax in case the overall tax liability for the prescribed financial year exceeds Rs. 10000 as advance over 4 installment spread after an equal time gap to reduce the burden of a ...

Why You Need To Pay First Installment of Advance Tax For FY 2018-19 By June 15?

The deadline to pay first installment of advance income tax is just 2 days away i.e. June 15. So, make sure you are done with the payment towards the same. But before proceeding to make the payment, know all important aspects ...

Direct Tax For April-Feb Period Up By 19.5% To Rs. 7.44 Lakh Crore

The full-year target of the Income tax dept is expected to be met as it gears and in line with it direct tax collection for the April-February has been higher by appx 20%. As per the official data released on ...

Companies To Provide Income Estimates From Apr-Sept: Income Tax Dept

Taxpayers and companies who need to get their financials audited shall be required to submit their income estimates for the first six months of the fiscal until September by November 15 to the Income Tax Department. For the same, the CBDT ...

Demonetisation Effect: ITR Filing Surges By 25%

Narendra Modi government led demonetization move which involved scrapping of high value notes of Rs. 500 and Rs. 1000 and also fuelled the introduction of Rs. 2000 bank notes is attributed as a major step causing the surge in e-filing for ...

Advance Tax: 7 Must Know Points For All Taxpayers

Advance Tax is a part payment of tax liability by an individual or business entity that he has to pay before the end of the financial year. In the case of income tax, an individual pays the liability only once during ...

What are the dates when advance tax in India is to be paid?

Advance tax i.e. the tax payment in advance in lieu of your total tax liability of over Rs. 10,000 in a financial year falls due at different times of the year for different assessees. Corporates and companies have to make the ...

Advance tax payment date extended from March 15 to March 18

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 ...

Advance tax last payment date extended to Dec 17

The government has decided to extend the date for payment of advance tax from December 15 to December 17. "The December instalment of Advance tax is required to be paid on or before 15th December, 2013 by the tax payers who ...

Last date for Advance Tax Payment is December 15- Here's how you can file tax online?

The last date for payment of advance tax (To know about advance tax and when it is due for payment click here) with the tax authorities is around the corner and in order to discharge your advance tax liability you have ...

What is self-assessment tax?

Self-assessment tax is the tax amount in excess of advance tax and TDS which is payable by the income tax assessee. Usually, when filing income tax return an assessee computes the income and corresponding taxes to be filed. However, in certain ...

When do I have to pay advance tax?

In case your tax liability for a financial year exceeds Rs. 10,000/-, you are required to pay a portion of your total tax liability as advance tax prior to the end of the financial year. Such amount paid in advance in ...

Advance Tax News