BusinessNational

Last Day to Pay Second Instalment of Advance Income Tax

The last day to pay second instalment of advance income tax for fiscal year ending March 2019 is on September 15.

The last day, to pay second instalment of advance income tax for fiscal year ending March 2019 is on September 15.

The Income Tax Department has been reminding people of paying the second instalment for advance income tax by the due date.

Short/ non-payment/ deferment of payment of advance income tax will result in a levy of interest. Taxpayers can pay the second instalment of advance income tax online.

Advance income tax is paid in September, December and March, said the Income Tax Department.

Key things to know about advance income tax:

Who is liable to pay advance income 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 is liable to pay advance income tax. Resident senior citizens not having income from business or profession are not liable to pay advance income tax.

Mode of payment of advance income tax :

e-payment is mandatory for all corporate houses and also those assessees whose accounts are required to be audited under section 44 AB of the Income Tax Act.

e-payment is convenient for other taxpayers as it ensures correct credit, said the Income Tax Department on its Twitter handle @IncomeTaxIndia.

Schedule for payment of advance tax :

1) On or before September 15, 2018, you have to pay 45 per cent of the payable tax.
2) On or before December 15, 2018, you have to pay 75 per cent of the payable tax.
3) On or before March 15, 2019, you have to pay 100 per cent of the payable tax.

The last date for filing of income tax returns for fiscal 2018 was August 31.

Income tax returns cannot be filed without a valid PAN card or permanent account number. PAN card should also be linked to the biometric Aadhaar card number.

Summary
Review Date
Reviewed Item
Last Day to Pay Second Instalment of Advance Income Tax
Author Rating
51star1star1star1star1star
Opinion Poll
With assembly election ahead With assembly election ahead, well known Digital Media platform clipper28.com has decided to gauge the mood of Chhattisgarh through its own opinion poll. As an aware voter and stakeholder of the democratic process, kindly do answer the following questions so that prevailing mood of state can be ascertained.
Name
Age
Assembly Segment
Phone Number
Which party will emerge as the single largest party?
Which party will win how many seats?
Whom would you like to see as next Chhattisgarh Chief Minister?
Have you witnessed development work in your area?
Do you think that farmers of Chhattisgarh are satisfied with BJP government?
Do you think youngsters are happy with employment scenario created by Chhattisgarh/state government?
Do you think state government has done enough on issue of women empowerment?
Are you satisfied with work done by your legislator? Have electoral promises been fulfilled or not?
Are you satisfied with the amenities provided by the government in your area?
Do you think the state government has successfully tackled naxal menace?
Are you satisfied with work done by different state Ministers?

Please do vote...

ओपिनियन पोल
छत्तीसगढ़ की आगामी विधानसभा चुनाव के लिए डिजिटल मीडिया ‘clipper28.com’ नेसटीक ओपिनियन पोल करनेका निश्चय किया है. अतः आप नीचे दिए सवालों के निष्पक्ष जवाब देंताकि राज्य की आने वाले दिनों की सही सियासी तस्वीर सामनेआ सके. कृपया अपना मत जरूर दें- With assembly election ahead
नाम
विधानसभा क्षेत्र
आयु
फ़ोन नं
विधानसभा चुनाव में सबसे बड़ी पार्टी कौन सी होगी ?
किस पार्टी को कितनी सीटें मिलेगी?
अगले मुख्यमंत्री के रूप में किसे देखना चाहेंगे?
क्या आपके क्षेत्र में विकास दिखाई पड़ रहा है?
क्या छत्तीसगढ़ का किसान भाजपा शासन से संतुष्ट है?
जो रोजगार छत्तीसगढ़ सरकार ने दिया, क्या उससे युवा वर्ग संतुष्ट है?
राज्य सरकार ने महिलाओं के सशक्तिकरण के लिए जो किया, उससे महिलाएं संतुष्ट हैं?
क्या आप अपने विधायक से संतुष्ट हैं? उन्होंने अपने वादे पूरे किए या अधूरे हैं उनके काम?
क्या आप अपने क्षेत्र की सरकारी सुविधाओं सेसंतुष्ट हैं?
क्या नक्सली समस्या पर नियंत्रण हुआ है?
क्या प्रदेश के मंत्रियों के कामकाज से संतुष्ट हैं?
-देश हित के लिए मतदान अवश्य करें-
Tags