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 |
|