Taxpayers liable to pay advance tax |
Mode of payment |
Schedule for payment of advance tax |
- Any assessee, including salaried employee, whose tax liability for the financial year as reduced by the tax deducted/ collected at source is Rs. 10,000/- or more.
- Resident Senior citizen (individual who is of the age of 60years or more) not having income from business/ profession, is not liable to pay.
- Assessee in respect of eligible business referred to in section 44AD is liable to pay whole amount of such advance tax on or before 15th March of respective Financial Year.
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- E-payment is mandatory for all corporate and also those assessee whose accounts are required to be audited u/s 44AB of the Income Tax Act.
- E-payment is convenient for other taxpayers also as it ensures correct credit.
|
Due date |
Amount |
- On or before 15th of June, 2018
|
15% of the advance tax payable. |
- On or before 15th of September, 2018
|
45% of Advance tax payable.
|
- On or before 15th of December, 2018
|
75% of Advance tax payable.
|
- On or before 15th of March, 2019
|
100% of advance tax payable. |