Advance Tax Payment
Due date for payment of whole amount of advance tax in respect of assessment year 2021-22 for assessee covered under presumptive scheme of section 44AD / 44ADA is 15th March, 2021.
Advance Tax
How to pay Advance Tax Online? (Challan 280)
Advance tax is to be paid by all the assessees having total tax liability of Rs. 10,000 or more in a financial year. However, the senior citizens of above 60 years of age, who are not having any income from business or profession are not required to pay advance tax. The taxpayers and independent professionals opting for and who come under presumptive scheme respectively under Section 44AD and Section 44ADA of the Income Tax Act are also required to pay Advance Tax. The procedure for paying advance tax online is as follows: