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Advance tax for professionals

Tax queries 466 views 7 replies

What is the first instalment  of advance tax 15th June or 15 Sept for Professionals (less than 50 Lakhs)

Replies (7)

If income to be declared u/s. 44ADA..... 15th march, 2019

Otherwise 15th June, 2018....... 15%

I became senior citizen in fy 2018-19 . So any further concenssions there for advance tax.?

No, relaxation for Senior Citizens,

Rates and Dates are uniform to all.

Senior citizens who do not have any income from PGBP head (i.e. no professional income) are not required to pay ADVACE TAX, mandatorily.

Thanks Dhirajlal and Rahul

Already two SMS from ID-ITDEFL  to pay Advance tax before 15 june. thats why I asked.

 

That is routine massage/ reminder ......

Wow, thank you very much sir, I was about to pay advance tax even though I'm under 44ADA. Luckily I saw this post.


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