Hi,
Due to software glitch on income tax website, I could not pay advance tax on Sep 15, 2025 for FY2025-2026. My question is if I pay in one or two days when the software starts working properly, for the 45 % of the total estimated advance tax (total tax liability - TDS) that I was supposed to pay till Sep 15, will I be charged interest @ 1% only for 1 month i.e. Sep (I think income tax dept charges interest minimum for 1 month) or will I be charged 1% interest for the the 3 months till Dec 15, 2025. If I will be charged anyways for 3 months, then better I pay only on Dec 15, the entire 75% so that atleast I can earn SB interest for those 3 months in my bank.
An early reply will be really appreciated.
Thx,
Aashish
Ph - 9845674767
Bangalore
CAclubindia
