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Pay your 3rd installment of Advance Tax by 15th December, 2018

Pay your 3rd installment of Advance Tax by 15th December, 2018

Taxpayer Liable to pay 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 not having income from business/ profession is not liable to pay)

Mode of payment

E-payment is mandatory for all Corporates 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.

Schedule for payment of Advance Tax

Due Date

Amount

On or before 15th December, 2018

75% Advance tax payable

On or before 15th March, 2019

100% of the Advance tax payable