advance tax

Advance Tax due date FY 2013-14

Advance tax is to be paid by all the assessees whose annual tax liability is more than Rs.10,000. The date for last installment of advance tax for F.Y. 2013-14 i.e. 15th March 2014 is not far away now.

All the assessees (both company and non-company) are advised to estimate there tax liability for current financial year and deposit the 100% of estimated tax liability after netting off previous advance tax payments and TDS done by deductors (already made and estimated during march) on or before 15th March 2014.

Payment is to be made through challan number 280 by selecting Advance Tax (100) as type of payment and period as Assessment Year 2014-15.

Should you require any assistance in computing your annual tax liability, feel free to drop a mail with relevant details.