Advance tax

Sripada M (CA) (365 Points)

12 January 2009

Hi all,

What are the last dates for advance payment of fringe benifit tax. If it is paid late, how much is the interest applicable under what section.

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5 Replies

Atul Kumar (CA) (504 Points)
Replied 12 January 2009

Dates are same as for Advance Income Tax. Interest is calculated on qtrly basis @ 1% p.m.

chintan mehta (Chartered Accountant) (445 Points)
Replied 23 April 2009

the last dates for payments of advance tax is

15 june for the quarter apr - jun

15 september - jul to sep

15 december- oct to dec

15 march - jan to mar

interest is calculated on 1% per month...

ysd prasad (Accounts officer) (250 Points)
Replied 23 April 2009

I agreed with kumar and chintan.

Tahseen Tabassum (CA-FINAL) (644 Points)
Replied 23 April 2009

Yes it is so

Vrnanda (auditor) (110 Points)
Replied 23 April 2009

Hi,

what Mr. Kumar and Chintan had wrote is fair.

Thank you.

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