Pay your ADVANCE TAX before 15th December
Posted on: 14/Dec/2010 2:37:39 AM
Who is responsible to pay Advance Tax :
1. Any assessee, whose tax liability, as reduced by tax deducted/collected at source is Rs. 10,000/- or more
2. Salaried employees also have to deposit advance tax if their tax, liability on the total income(including income other than salary) as reduced by TDS is Rs. 10,000/- or more
1. Any assessee, whose tax liability, as reduced by tax deducted/collected at source is Rs. 10,000/- or more
2. Salaried employees also have to deposit advance tax if their tax, liability on the total income(including income other than salary) as reduced by TDS is Rs. 10,000/- or more
Where to Pay Advance Tax
E-PAYMENT(Online tax payment) is mandatory for :1. All Corporates:
2. Person other than corporate but covered under section 44AB(compulsory Tax audit)
Many banks (authorized by RBI for receiving Govt. Challans) presently provide online tax payment facility. For details please log in to tin-nsdl.com
Payment at authorized bank branches
Other assesses, can also e-pay their Advance Tax or pay Advance Tax at any of the authorized bank branches
- Use Challan ITNS280 which is a single copy Challan.
- Fill all the columns of the challan properly
- Fill Correct PAN to ensure proper credit of tax paid.
- Fill Assessment Year as 2011-12
ePayment procedure
How to make online tax payment from home/office
