if i am earning 5lacks 20 thousand per year and i have 1lakh 50 thousand nsc purchase on same year .so how much tax i have to pay and also please show percentage calculation
SIR...INTEREST PAYABLE AMOUNT WILL DEPEND ON TIME DELAYED IN FILING RETURN ..THAT IS FROM DUE DATE OF FILING RETURN TO DATE ON WHICH YOU FILE THE RETURN....SECTION 234A
As per section 208, every person whose estimated tax liability for the year is Rs. 10,000
or more, shall pay his tax in advance, in the form of “advance tax”.
Due dates of advance tax payment. By 15th June 15% By 15th Sept. 45% By 15th Dec. 75% By 15th March 100%
All assessees
(other than the
eligible
assessee as
referred to in
Section 44AD
or section
44ADA)