The third instalment is 75 percent of the year's estimated tax. Late payment attracts interest at 1 percent a month.
Pay at least a week early, since banking portals slow down on the last day. Keep the challan with the transaction ID; you will need it when filing your return.
If you are a salaried person with no other income, you are normally not required to pay advance tax. This is a fictional demo reminder.
This is a demo story: every name, place, organisation and figure in it is fictional.


Comments
Comments