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Advance tax
2 nd instalment of advance tax was due on 15 th september I forgot to pay now I want to pay ,will it be 2nd instalment or else and what about interest on delayed payment.
Replies (4)
You can pay now also without any interest, but Interest is generated when you are file your return for A.Y.2020-21.
Thanks for quick reply
If you pay now, the payment will be considered towards 3rd Instalment 15th Dec.
For 2nd Instalment interest will be charged for 3 months.
Pay advance tax little bit more so that will take care of interest also
For 2nd Instalment interest will be charged for 3 months.
Pay advance tax little bit more so that will take care of interest also
For delayed payment of advance tax it will attract levy of 1% for every month or part of the month
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