Is it possible to pay advance tax in installments?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 saroja asked over 3 years ago

Is it possible to pay advance tax in installments?

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3 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered over 3 years ago

For Individuals On or before 15th June - NIL On or before 15th September Up to 30% of advance tax payable On or before 15th December Up to 60% of advance tax payable On or before 15th March Up to 100% of advance tax payable

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 lochan answered over 3 years ago

**Advance tax in installments** following are the due dates for paying advance tax Due Dates of payment of Advance Tax: For Individuals On or before 15th June - NIL On or before 15th September Up to 30% of advance tax payable On or before 15th December Up to 60% of advance tax payable On or before 15th March Up to 100% of advance tax payable HOPE IT HELPED :) Thanks

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CHITRANJAN AGARWAL answered over 3 years ago

Dear Saroja, As per the advance tax provision of income tax act 1961, advance tax paid by the assessee in always installment. If company is assessee than its can pay advance tax in four installment i.e. 15 june: 15%, 15 sept: 45%, 15 dec: 75% and 15 march: 100% . if assessee other than company than the payment liability of advance tax in three installment i.e. 15 sept: 30%, 15 dec: 60%, 15 march: 100%. Any other query feel free to contact us. Writer CA Chitranjan Agarwal

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