13/06/2024
Attention Taxpayers! 📢 Advance Tax for FY 2024-25 is Due on June 15, 2024 📢
Are you ready for the first installment of advance tax for the financial year 2024-25? Ensure you stay compliant and avoid penalties by making your payment on time!
🔹 What is Advance Tax?
Advance tax, also known as 'pay-as-you-earn' tax, requires taxpayers to pay taxes in installments throughout the year as they earn their income.
🔹 Who Needs to Pay?
If your total tax liability for the year exceeds Rs. 10,000, advance tax is applicable to you, whether you’re a salaried individual, freelancer, or business owner.
🔹 Key Dates:
1st Installment: June 15, 2024 (15% of your estimated tax liability)
2nd Installment: September 15, 2024 (45% of your estimated tax liability)
3rd Installment: December 15, 2024 (75% of your estimated tax liability)
4th Installment: March 15, 2025 (100% of your estimated tax liability)
🔹 Why Pay on Time?
Timely payment helps you avoid interest penalties and ensures smooth financial planning.
🔹 How to Pay?
You can pay advance tax online via the Income Tax Department’s website or offline at authorized bank branches.
Need assistance with your advance tax calculations and payments? Contact MyTaxFilings at 9627177995 or visit our website mytaxfilings.com today!
Stay compliant and keep your finances in check.