Advance tax payment on sunday

Dear All,

Can you please tell me panelty or interest if incurred to deposit advance tax on sunday as the due date is on sunday.

Is it liable to pay interest because Advance Tax paid on sunday was refelcted on the next date i.e Monday. For exp. The due date was on sunday of 15th March & it was deposited on the same day but Challan tender date is being shown 16.03.2015.

Replies (1)

You are not liable to pay any interest.
.
In case of e-payment of taxes, payments made up to 8.00 pm will be treated as received on the same day and those received thereafter be treated as received on next working day.
.
- Notification No. RBI/2007-08/275, dated 03.04.2008

.
If the last day for payment of any installments of advance tax is a day on which the receiving bank is closed, the assessee can make the payment on the next immediately following working day, and in such cases, the mandatory interest leviable under sections 234B and 234C of the Income-tax Act, 1961 would not be charged.
.
- Circular No. 676, dated 14.01.1994

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

K R Kiran Kumar & Associates

Bengaluru

CA Inter

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details