Reminder of Advance Tax - Rates and Dates, Pay Advance Tax before 15th DEC 2017

Reminder of Advance Tax - Rates and Dates, Pay Advance Tax before 15^th DEC 2017
Assessee installments of advance tax is to be paid as per below

Taxpayers liable to Pay Advance Tax
* Any Assssee, including salaried employee, who tax liability for the financial year as reduced by the tax deducted / collected at source is Rs. 10,000 or More
* Resident Senior Citizen (individual who is of the age of 60 Year or More) not having income from Business/Profession is not liable to Pay.
* Assessee in respect of eligible business referred to in section 44AD is liable to pay whole amount of such Advance Tax on or before 15^th March of respective financial year 

For non corporate: 
* 30% of tax payable should be paid as advance tax on or before 15^th September 
* 60% of tax payable should be paid as advance tax on or before 15^th December 
* 100% of tax payable should be paid as advance tax on or before 15^th March 

For corporate:
*15% of tax payable should be paid as advance tax on or before 15^th June
* 45% of tax payable should be paid as advance tax on or before 15^th September
* 75% of tax payable should be paid as advance tax on or before 15^th December
* 100% of tax payable should be paid as advance tax on or before 15^th March

Mode Of Payment
* e-Payment is mandatory for all Corporates and also those assessees whose account are required to be audited u/s. 44 AB of the Income Tax Act.
* e-Payment is convenient for other taxpayers also as it ensures current credit.

Due Date for Second installment (in the case of an assessee other than a company) or third installment (in the case of a company) of advance Income-tax for the assessment year 2018-19 is 15^th December, 2017