Make your advance tax payment by or before 15th December
Posted on: 11/Dec/2014 5:50:34 PM
If the tax liability of an individual is above Rs 10,000 during a financial year, the taxpayer is liable to pay taxes in parts rater than paying it at the end of the year. Such tax is referred as ‘Advance tax’ or ‘Pay as you earn tax’. This tax is paid as we earn rather than paying in bulk at the end of the year. Such type of tax payment helps the government in receiving regular amounts of tax payment throughout the year rather than waiting till the year ends. This will make sure of constant flow of funds too. The due date for such advance tax payment is 15th December 2014.
