Upcoming Important Income Tax Due Date; Know Details

Income Tax Taxpayers need to file Income Tax Returns every year. Lots of Income Tax Due Dates are approaching soon. Pay your 1st instalment of Advance Tax by 15th June 2023.

Income Tax Department has notified Taxpayer via their Official Twitter handle that-

“Kind Attention Taxpayers!

Do remember to pay your first instalment of Advance Tax by 15th of June, 2023. Together, let us contribute towards building a more prosperous nation.”

Taxpayers liable to pay Advance Tax

• Any assessee, including salaried employee, whose tax liability for the financial year as reduced by tax deducted/collected at source is Rs.10000 or more.

Mode of Payment

• e-Payment is mandatory for all corporates and also those assessees whose accounts are required to be audited u/s 44 AB of the Income-tax Act, 1961.
• e-Payment is convenient for other taxpayers also as it ensures correct credit.

Amount

15% of the Advance Tax payable of total estimated income.