Calculating Advance tax

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back office asst
254 Points Posted on 05 October 2023
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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On 05 October 2023 at 18:12 Report
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Quick Summary
This discussion addresses how to calculate and pay advance tax to avoid interest charges. It highlights that interest is often due to missed deadlines or incorrect payment percentages. The advice includes adhering to specific payment deadlines throughout the fiscal year, such as paying 15% by June 15th, 45% by September 15th, 75% by December 15th, and the remaining 100% by March 15th.

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"Do the Right Thing...!!!"
128157 Points Posted on 05 October 2023
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
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On 05 October 2023 at 21:31
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Profession
28271 Points Posted on 05 October 2023
Sec 234
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On 05 October 2023 at 23:16
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CFO- at NHTF
58280 Points Posted on 06 October 2023
The interest is due to missing deadlines of advance tax and % of advance tax
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On 06 October 2023 at 14:11
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ACCOUNTS MANAGER
2213 Points Posted on 06 October 2023

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 .

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On 06 October 2023 at 14:20
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Profession
28271 Points Posted on 09 October 2023
You cannot deposit tax like that.
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On 09 October 2023 at 16:47

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