Can i pay advance tax after march 15th deadline?

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 March 2017 I missed the March 15th deadline to pay the advance tax. Can I pay this after March 15th? This is for the FY 2016-17, so the AY should be 2017-18 right? What is the penalty interest that I should calculate for missing the deadline? If I cannot pay the advance tax after the deadline, should I pay this as self-assessment tax for AY 2017-18?

31 March 2017 Yes you can pay advance tax after 15th March, only interest payable for the delayed period. Interest can be paid while filling the return. Your Asst year stated above is right.


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