banner_ad

Advance Tax - Income tax penalty

Tax queries 199 views 4 replies

I wish to understand that if I miss to pay advance tax by the date of 15 Sept OR underpaid, then does it give any benefit to pay in Oct OR should it make sense to only pay now in December just before next advance tax date of Dec 15th?

I wish to keep penalty calculatons (234A, B or C whatever it is) to a lower value as much as possible

Replies (4)
There's no benefit if paid in October. It makes sense to pay in December only.
Yes, it's advisable to pay only in December as there is no benefit if you pay it in October, Interest liability remain same in both the cases...
Agreed with raj
If its about Sept installment than Pay now as interest @ 1% p.m. will be charged on that until you make payment. paying in December will cost you 2-3% more


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details