Hello,
We have missed the advanced tax due date i.e (15 June).
Can we pay advance tax now or we need to wait till 15th Sep 24?
And how we calculate the tax penalty.
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ADVANCE TAX PAYMENT JUNE 15
Replies (2)
Yes, you can pay it any time, but it will be calculated as paid in second quarter.
No penalty as such, but interest on first quarter's default will be calculated while filing relevant ITR.
Yes, Now you will pay & payment will be counted towards the second quarter advance tax. You will only incur interest charges, with no penalty.
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