Advance tax for the first quater

15 Jun last date ya 31 Jun tak payment kar sakta hai
Replies (7)
Quick Summary
The first instalment of advance tax is due by 15th June. If you fail to pay at least 15% of your estimated tax liability by this date, interest will be charged under Section 234C. This interest is calculated at 1% per month for three months, amounting to a 3% penalty for late payment.

Interest will be levied for the 15 days

How much

15th June is the due date for payment of 1st installment of advance tax.

How much intereste liable on late payment of advance tax
If 15% of total estimated tax liability is not paid by 15th June, then interest @ 1% pm for 3months (3%) is payable u/s 234C.
Thanks sir
Interest will be levied

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