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    HomeNewsBusinessPersonal FinanceComing soon: March 15 is last deadline to pay advance tax

    Coming soon: March 15 is last deadline to pay advance tax

    If you are anticipating a tax liability of Rs 10,000 or more in a year, get ready to pay advance tax. Failure to do so will attract 1 percent penal interest per month. But if you miss the March 15 deadline, you can still pay your advance tax by March 31, albeit with one month’s interest. So, don't wait until July 31 to do this.

    Maulik M
    March 06, 2024 / 08:43 IST
    Any individual who anticipates a tax liability of Rs 10,000 or more in a financial year is liable to pay advance tax over the course of that year, as per Section 208 of the Income Tax Act.
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