Advance Tax due date 15 SEP 2023: 2nd Installment for Advance Tax Submission
The deadline for paying advance tax is September 15, 2023. Taxpayers are now consulting Chartered Accountants (CAs) to assess their tax obligations.
- #Advance Tax due date 2023
- # 2nd installment submission
- # September 15 deadline
- # Advance Tax payment
- #article
- # news
- # notifications
- # finance
- # legal
- # tax updates
- # myitronline
- # itr
- # filing now with myitronline
- # free itr filing
- # tax save itr filing
- # maximum tax save
- # best itr services
- # best itr filing
Advance Tax due date 15 SEP 2023: 2nd Installment for Advance Tax Submission
In a recent effort to address taxpayers who have not paid their advance taxes, the tax department has been sending notices and appears to be taking very strict measures against them.
The keynote here is that the income tax department will impose a substantial penalty on all defaulters if they fail to pay their taxes promptly.
The deadline for paying advance tax is September 15, 2023. Taxpayers are now consulting Chartered Accountants (CAs) to assess their tax obligations.
This scheme applies to taxes exceeding 10 thousand. If a taxpayer misses the deadline, they may face a substantial penalty.
Exemptions for Senior Citizens
This marks the second installment of advance tax for taxpayers. Senior citizens without business income are exempt from paying advance tax.
When is Advance Tax Due?
Taxpayers need to submit advance tax in four installments: 15% by June 15, 45% by September 15, 75% by December 15, and the full 100% by March 15. You can pay this tax electronically through authorized banks' net banking facilities.
|
Advance Tax Payment |
Due Dates |
Installment |
|
15% of Advance Tax |
On or Before 15th June |
1st Installment |
|
45% of advance tax less advance tax already paid |
On or Before 15th September |
2nd Installment |
|
75% of advance tax less advance tax already paid |
On or Before 15th December |
3rd Installment |
|
100% of advance tax less advance tax already paid |
On or Before 15th March |
4th Installment |
If you miss the deadline, penalties will apply under sections 234B and 234C of the income tax law.
Also Read: Big news for UPI payers: NPCI Unveils 'Hello UPI' at Global Fintech Fest
FILING YOUR INCOME TAX RETURN F.Y 2022-23 (A.Y. 2023-2024) WITH MYITRONLINE
Income tax filing deadline is right around the corner. If you haven’t filed yet, do it now for FREE on Myitronline! Avoid last minute rush and file your tax return today on MYITRONLINE in Just 5 mins.(www.myitronline.com)
If you are looking for eCA assistance to file your income tax return/ GST, you can opt for MYITRONLINE eCA assisted plan starting
Upload Salary Individual Form-16
If you have any questions with filing your tax return, please reply to this mail. info@myitronline.com OR call 9971055886.
Note-All the aforementioned information in the article is taken from authentic resources and has been published after moderation. Any change in the information other than fact must be believed as a human error. For queries mail us at marketing@myitronline.com
Krishna Gopal Varshney
An editor at MyitronlinenewsKrishna Gopal Varshney, Founder & CEO of Myitronline Global Services Private Limited at Delhi. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. Visit our website for latest Business News and IT Updates.
Leave a reply
Your email address will not be published. Required fields are marked *Share this article
News Offers
Related Post
