Advance tax for professionals

SHIRISH S S (Proprietor) (1030 Points)

12 June 2018

What is the first instalment of advance tax 15th June or 15 Sept for Professionals (less than 50 Lakhs)

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7 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178226 Points)
Replied 12 June 2018

If income to be declared u/s. 44ADA..... 15th march, 2019

Otherwise 15th June, 2018....... 15%

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SHIRISH S S (Proprietor) (1030 Points)
Replied 12 June 2018

I became senior citizen in fy 2018-19 . So any further concenssions there for advance tax.?

Rahul Prajapati (Student) (2282 Points)
Replied 12 June 2018

No, relaxation for Senior Citizens,

Rates and Dates are uniform to all.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178226 Points)
Replied 12 June 2018

Senior citizens who do not have any income from PGBP head (i.e. no professional income) are not required to pay ADVACE TAX, mandatorily.

SHIRISH S S (Proprietor) (1030 Points)
Replied 12 June 2018

Thanks Dhirajlal and Rahul

Already two SMS from ID-ITDEFL to pay Advance tax before 15 june. thats why I asked.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178226 Points)
Replied 12 June 2018

That is routine massage/ reminder ......

Sekhar Babu (Software Consultant) (24 Points)
Replied 14 June 2018

Wow, thank you very much sir, I was about to pay advance tax even though I'm under 44ADA. Luckily I saw this post.

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