Imam And Associates
Chartered Accountants
FIRST INSTALLMENTS OF ADVANCE TAX DUE BY 15TH JUNE 22
FIRST INSTALLMENT OF ADVANCE TAX for all Assesses’ falls due for payment on or before 15th June 2022.
The total amount of advance tax required to be paid before the above mention due date is 15% of the estimated total tax liability.
It may also be noted that non-payment / short payment of advance tax attracts a mandatory non-deductible levy of interest.
Following category of Assesses are exempt from Advance Tax
1.\tSenior citizen who are not having business income.
2.\tIf total advance tax liability after TDS is less than Rs. 10,000/-
3.\tAssesses under presumptive Taxation (First three quarters exempt)
Chartered Accountants
FIRST INSTALLMENTS OF ADVANCE TAX DUE BY 15TH JUNE 22
FIRST INSTALLMENT OF ADVANCE TAX for all Assesses’ falls due for payment on or before 15th June 2022.
The total amount of advance tax required to be paid before the above mention due date is 15% of the estimated total tax liability.
It may also be noted that non-payment / short payment of advance tax attracts a mandatory non-deductible levy of interest.
Following category of Assesses are exempt from Advance Tax
1.\tSenior citizen who are not having business income.
2.\tIf total advance tax liability after TDS is less than Rs. 10,000/-
3.\tAssesses under presumptive Taxation (First three quarters exempt)