Pay your 4th & last installment of Advance Tax by 15th March, 2020

Thank you Taxpayers … Your Income Tax is making it possible for more Indians to access quality healthcare.

Pay your 4Th & final installment (100% of Advance Tax) for FY. 2019-20 by 15th March, 2020

Taxpayers liable to pay Advance Tax

• Any assesses, including salaried employee, whose tax liability for the financial year as reduced by the tax deducted/collected at source is Rs. 10,000/- or more
• Assessee in respect of eligible business referred to in Section 44AD or Section 44ADA Is liable to pay whole amount of such Advance Tax on or before 15th March of that respected Financial Year.

(Resident Senior Citizen individual who is of the age of 60 years or more) not having Income from business/profession is not liable to pay advance tax)

Mode Of Income Tax Payment

• e-payment is mandatory for all Corporates and also those assessees whose accounts are required to be audited u/s 44AB of the income-Tax Act
• e-payment Is convenient for other taxpayers also as It ensures correct credit

(Republished with Amendments)