Advance tax

This query is : Resolved 

25 April 2012 dear sir,
please conferm mewhen am i liable to pay advance tax

25 April 2012 Advance tax shall be payable during a financial year in every case where the amount of such tax payable by the assessee during that year, as computed in accordance with the provisions is Rs 10000/- or more.

[ Substituted for “five thousand” by the Finance (No. 2) Act, 2009, w.r.e.f. 1-4-2009. Earlier “five thousand” was substituted for “one thousand five hundred” by the Finance (No. 2) Act, 1996, w.e.f. 1-10-1996.]

25 April 2012 dear sir, my tax liablities of incomr tax about Rs.11500/- of f.y.2011-12,and we have not paid advance tax in f.y.2011-12. now will we have to pay tax with interest.and what is the rate of interst.please conferm us


25 April 2012 If you have not paid your tax pro-rata bases in advance you have to pay interest u/s 234C.


Further If you have not paid your full taxes by 31.03.2012 for Ay 2012-13 then you have pay interest under section 234B on balance amount of tax .

Rate of interest 1% per month or part thereof.

25 April 2012 agree with expert.

28 April 2012 Dear sir,
what is the tds last date of payment of 4th quarter for the f.y.2011-12.& return last date kindly resolved my issue

28 April 2012 Dear sir,
what is the tds last date of payment of 4th quarter for the f.y.2011-12.& return last date kindly resolved my issue

28 April 2012 Last date of payment of last installment of advance tax for FY 2011-12 was 15th march.

return filing due date:-

As per CBDT, due dates for filing of income tax returns for assess who are required to audit their account under income tax act and all corporate assessee is September 30. For all others assess ( the assess who will have income from Salary, Interest, House property, Capital gains, Pension ) due date for filing income tax returns is July 31st


28 April 2012 Payment of Advance Taxes of Income Tax - Individual/Firms:


1st Payment of 30% - 15th September
2nd Payment of 60% - 15th December
3rd Payment of 100% - 15th March


Payment of Advance Taxes of Income Tax - Companies:


1st Payment of 25% - 15th June
2nd Payment of 50% - 15th September
3rd Payment of 75% - 15th December
4th Payment of 100% - 15th March


28 April 2012 TDS payment last date is 30th April.

Return due date is 15th may.



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