Income-tax Act, 1961
Section - 115WJ - Advance tax in respect of fringe benefits
Advance tax in respect of fringe benefits.115WJ. (1) Every assessee who is liable to pay advance tax under section 115WI, shall on his own accord, pay advance tax on his current fringe benefits calculated in the manner laid down in sub-section (2).(2) Advance tax on the current fringe benefits shall be payable by-
TABLE I
| (a) | - | all the companies, who are liable to pay the same in four instalments during each financial year and the due date of each instalment and the amount of such instalment shall be as specified in Table I below: |
| Due date of instalment | Amount payable |
| On or before the 15th June | Not less than fifteen per cent of such advance tax. |
| On or before the 15th September | Not less than forty-five per cent of such advance tax as reduced by the amount, if any, paid in the earlier instalment. |
| On or before the 15th December | Not less than seventy-five per cent of such advance tax as reduced by the amount or amounts, if any, paid in the earlier instalment or instalments. |
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24 October 2026
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