Hello,
We have missed the advanced tax due date i.e (15 June).
Can we pay advance tax now or we need to wait till 15th Sep 24?
And how we calculate the tax penalty.
Sumeet Badyal (2 Points)
17 June 2024Hello,
We have missed the advanced tax due date i.e (15 June).
Can we pay advance tax now or we need to wait till 15th Sep 24?
And how we calculate the tax penalty.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(168002 Points)
Replied 17 June 2024
Yes, you can pay it any time, but it will be calculated as paid in second quarter.
No penalty as such, but interest on first quarter's default will be calculated while filing relevant ITR.
CA Anoop Kumar Sharma
(Accounts Manager)
(1896 Points)
Replied 17 June 2024
Yes, Now you will pay & payment will be counted towards the second quarter advance tax. You will only incur interest charges, with no penalty.
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