11 March 2014
What is the difference between Advance tax paid on 15th March and 31st March? What is the benefit of paying advance tax on or before 15th March instead of paying on 31st March?
11 March 2014
There is no difference for payment of advance tax if paid on 31st March instead of 15th March. Please refer proviso to section 211(1) of the Income tax Act,1961.