The advance tax is paid in four instalments during the relevant financial year. The due date for the payment of advance tax is as under:
|Due date of instalment||Amount payable|
|On or before the 15thJune||Not less than 15% of such advance tax|
|On or before the 15th September||Not less than 45%of any such advance tax, as reduced by the amount, if any paid in the earlier instalment.|
|On or before 15th December||Not less than 75%of such advance tax, as reduced by the amount or amounts, if any, paid in the earlier instalment or instalments.|
|On or before 15th March||The whole amount of such advance tax, as reduced by the amount or amounts, if any, paid in the earlier instalment and instalments.|
Taxcellent assist in advance tax calculation and payment of advance tax as and when required on due dates. We also serve the Income Tax Return Filing in Delhi NCR.
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