1.

what are the due dates of payment of advance tax? Also specify the installments of the advance tax to be paid.

Answer»

The due dates of Payment of advance tax along with the installment payable is as follows:

Due date of installmentAmount payable
On or before 15th JuneNot less than 15% of advance tax liability
On or before 15th SeptemberNot less than 45% of advance tax liability, as reduced by the amount, if any, paid in the earlier installment.
On or before 15th DecemberNot less than 75% of advance tax liability, as reduced by the amount, if any, paid in the earlier installment or installments.
On or before 15thMarchThe whole of advance tax liability, as reduced by the amount, if any, paid in the earlier installment or installments.


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