Advance income tax ay 2017-18

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Querist : Anonymous

Querist : Anonymous (Querist)

24 May 2016 IS THERE LIABILITY FOR INDIVIDUAL & PARTNERSHIP FIRM FOR PAYMENT OF ADVANCE TAX ON 15/06/2016 ? IF YES HOW MUCH ? PLEASE PROVIDE LINK IF ANY ARTICLE/NOTIFICATION TO UNDERSTAND

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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24 May 2016 Advance Tax Installments & Due Dates w.e.f. 01.04.2016 for all assessees
Due Date Advance Tax Installment Amount
15th June At least 15% of Tax on total income for the year.
15th September At least 45% of Tax on total income for the year less advance tax already paid.
15th December At least 75% of Tax on total income for the year less advance tax already paid.
15th March 100% of Tax on total income for the year less advance tax already paid.

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