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 11 July 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
Featured 18 July 2026
Senior Manager- Finance & Accounts

apricus india

Ahmedabad

CA

View Details
Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
21 July 2026
Chartered Accountant

Keshri & Associates

Thiruvananthapuram

CA

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
Featured 16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT, CA SemiQualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
23 July 2026
Semi qualified CA

Garg Bros & Associate CA

New Delhi

CA Inter

View Details
Follow