Installment Number and Due Date | For Other than Companies (Individuals, HUF,Partnership Firms and others) | For Companies (Limited or Private Companies) |
1) 15th Jun. 2) 15th Sep. 3) 15th Dec. 4) 15th Mar. 5) 31th Mar. | Nil 30% of Advance Tax 30% of Advance Tax 40% of Advance Tax Tax on Capital gains or casual incomes arising after 15th March, if any | 15% of Advance Fax 30% of Advance Tax 30% of Advance Tax 25% of Advance Tax Tax on Capital gains or casual incomes arising after 15th March, if any |
Notes: - 1) Any amount deposited by 31st March, is treated as advance tax for that Financial Year. 2) If the last day of payment of any instalments of advance tax is a day on which the receiving bank is closed, the assessee can make the payment of the next immediately following working day, and in such cases, the mandatory interest leviable u/s 234B and 234C would not be charged vide CBDT’s circular No. 676 dated 14.01.1994. | ||
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