Dear Sir,
With reference to the above please advise how to calculate to pay advance tax, as last fiscal I have paid advance tax but it's charges interest I don't understand
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Calculating Advance tax
Replies (5)
Yes, It's very difficult to escape from interest...
But, Please check out the details through the link.
You can get some clarity...
https://cleartax.in/s/advance-tax
But, Please check out the details through the link.
You can get some clarity...
https://cleartax.in/s/advance-tax
Sec 234
The interest is due to missing deadlines of advance tax and % of advance tax
You may deposit 15% on or before 15th June, 45% on or before 15th Sep., 75% till 15th Dec. & the remaining on 100% on 15th March .
You cannot deposit tax like that.
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