Articles about Advance Tax

One must stay on top of crucial financial deadlines in order to have an organized financial life and avoid penalties.

Income tax accounts for a significant part of the government's revenue, and it is the responsibility of taxpayers to pay the required tax on the income they earned during a year on time.

In a given financial year, your income is taxable in three ways, namely- 1) Tax deducted at source, 2) Advance tax payments, and 3) Self-assessment taxes (before filing ITR).

If you have not yet paid the first instalment of your advance tax, then you should file it no later than June 15 to avoid a penalty.

India's direct tax collections for April-September quarter increased 15.8% to Rs. 3.86L crore.