advance tax deadline

Advance tax: March 15 is deadline of last instalment; what penalty will you pay if you miss it

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Advance tax: March 15 is deadline of last instalment; what penalty will you pay if you miss it

The Income Tax Department has issued a reminder that the final installment of advance tax for the financial year 2024-25 must be settled by March 15, 2025. This means that only three days, including today, remain until the payment is completed. It is mandatory to settle all outstanding advance tax obligations by the specified date. … Read more

75% tax due by December 15: What happens if you miss Sunday’s Advance Tax deadline?

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75% tax due by December 15: What happens if you miss Sunday’s Advance Tax deadline?

The clock is ticking for taxpayers. December 15, 2024, is the advance tax payment deadline for the financial year 2024-25. Salaried employees, freelancers, and businesses are expected to fulfill their obligations by this date to stay compliant with income tax regulations. But with the deadline landing on a Sunday, many are asking: what happens if … Read more