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Paying liable income tax in installments while filling itr online

02 July 2018

Hi,

I wanted to know that while filling ITR1 online for AY 2018-19, if we get tax liability, can we pay tax liability in some installments? IF yes then How? Also will govt charge any interest on the installments? Kindly Help.

Thank you.

Regards,

Kapil.

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2 Replies

Sayan Gupta (Accounts Professional) (176 Points)
Replied 02 July 2018

In case of advance tax you can pay it in installments as per due dates. In case of self assessment tax you can pay it in one shot or through installments but total amount is to paid before july, 18 otherwise you have to pay penalty and interest as extra.

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Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 02 July 2018

Originally posted by : kapil tamrakar
	Hi, I wanted to know that while filling ITR1 online for AY 2018-19, if we get tax liability, can we pay tax liability in some installments? IF yes then How? Also will govt charge any interest on the installments? Kindly Help. Thank you. Regards, Kapil.