Thursday, December 4, 2025

Advance tax deadline: Who needs to pay advance tax and what is penalty for missing due date?

Advance tax payments are crucial for individuals with income beyond salary. The third instalment for Assessment Year 2026-27 is due by December 15, 2025. Missing deadlines incurs penalties. Taxpayers can pay online or offline. Understanding these rules ensures timely compliance and avoids interest charges.

from Tax-Wealth-Economic Times https://ift.tt/5o6lniq

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