Hurry up, today’s the last date to pay the second instalment of Advance Tax!
(Last Updated On: August 8, 2020)
Today, i.e. 15th September 2016 is the last day to pay the second instalment of Advance Tax for both individuals and corporate taxpayers. From F.Y. 2016-17, the provisions of Advance Tax for individuals have been made similar to that of corporate taxpayers.
Advance Tax is payable as follows by both individuals and corporate taxpayers:
|Due Date||Advance Tax payable (%)|
|On or before 15th June||15% of the advance tax|
|On or before 15th September||45% of the advance tax|
|On or before 15th December||75% of the advance tax|
|On or before 15th March||100% of the advance tax|
To understand Advance Tax in detail, read our blog Advance Tax – What? Why? When?