Tax payers need to present the primary portion of advance tax by June 15 (today) as it is the last date for paying advance tax for the monetary year 2022-23.
Advance tax implies income tax that ought to be paid ahead of time rather than a single amount installment at the year-end. These installments must be made in portions according to the due dates turned out by the Revenue Tax division.
Who can pay advance tax
Salaried, consultants and organizations are at risk to make good on advance tax if their total tax liability is Rs at least 10,000 in a monetary year.
If advance tax isn’t paid inside the due dates, interest is payable on the duty according to the arrangements of the I-T Act. The expense ought to be paid around the same time in which the pay was gotten.
Steps to pay advance tax
Step 1: Go to https://www.tin-nsdl.com/administrations/oltas/e-pay.html
Step 2: You will be diverted to the “e-Payment of Taxes” page.
Step 3: Select “CHALLAN NO./ITNS 280” for installment of advance tax, and self-evaluation assessment and tap on continue.
Step 4: You want to choose “Duty Applicable”, “Kind of Payment”, and “Method of Payment”.
Step 5: Once the payment is made, a duty receipt is shown on the screen.
Download and save it with you for future references.
