ADVANCE TAX PAYMENT JUNE 15

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.

Replies (2)
Quick Summary
If you've missed the 15 June advance tax payment deadline, don't worry. You can still pay it now, and your payment will be counted towards the second quarter's advance tax. While there's no penalty, you will incur interest charges on the first quarter's default, which will be calculated when you file your Income Tax Return (ITR).

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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