Advance Tax

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  ITR Advance Tax Deadline Today: Who Needs To Pay, How To Avoid Penalties

  Advance tax is a system where taxpayers pay their income tax liability in installments throughout the financial year, instead of a lump sum at the end.

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  UP Gets Rs 31,962 Crore Advance Installment Of Tax Devolution From Centre

  Uttar Pradesh on Thursday received Rs 31,962 crore advance instalment from the central government, the largest share among all states, as part of tax devolution ahead of the festive season.

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  Direct Tax Collection Surges 20% To Rs 5.74 Lakh Crore In 2024-25 So Far

  India's net direct tax collection posted a robust 19.5% growth to Rs 5.74 lakh crore as on till July 11 of the current financial year compared to the same period of the previous year, according to the Income Tax Department.

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  ITR Filing Last Date 2024: Due Dates For Filing Income Tax Returns, TDS, Advance Tax Payments

  Advance tax payment is required if your total tax liability reaches or exceeds Rs.10,000 in a financial year.

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  Advance Income Tax 2024: Last Instalment Deadline On March 15

  Income Tax 2024 Alert: The Income Tax Department urges all taxpayers to settle their advance tax dues before the deadline. Failure to do so can lead to interest charges under sections 234B and 234C of the Income Tax Act.

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  Income Tax Department Sending Emails, SMS In Cases Of Tax Mismatch: All You Need To Know

  E-Campaign: The income tax department is asking those taxpayers, whose returns show a mismatch with income, to pay advance tax by March 15.

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  PhonePe Launches Feature to Pay Income Tax Through Its App

  Digital payments and fintech platform PhonePe on Monday launched a feature to pay income tax through its app. Individuals and businesses can pay self-assessment and advance tax through UPI or credit card via the application, without logging into the income tax portal, PhonePe said.

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  Net Direct Tax Collection Grows 11% To 3.80 Lakh Crore So Far This Year

  Higher advance tax collection helped net direct tax kitty swell 11 per cent to Rs 3.80 lakh crore so far this fiscal, a reflection of economic activity gaining traction.

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  ''She's Killing It'': Ashneer Grover Says His Wife Is Among Highest Female Taxpayers In India

  Ashneer Grover made a similar claim last year saying that his wife, who formerly held a senior position at BharatPe, had paid Rs 1.15 crore in advance tax.

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  Taiwan Proposes Bigger Tax Breaks for Chipmakers' Research, Development to Retain Competitive Edge

  Taiwan's government has proposed larger tax breaks for chipmakers' research and development into semiconductor technology, as the island nation looks to retain its competitive edge. Governments around the world have been touting incentives to bring chip production onshore, in the wake of a global chip shortage.

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  Frozen Parathas 'Quite Different' From Rotis, To Attract 18% GST (Tax)

  The Gujarat Appellate Authority for Advance Ruling (GAAAR) has made a distinction between the two commonly consumed Indian bread explaining why they fall in different GST slabs.

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  Gross Direct Tax Collection Grows 30% In 2022-23 To Rs 8.36 Lakh Crore

  Gross direct tax collections grew 30 per cent to Rs 8.36 lakh crore till September 17 of current fiscal year on increased advance tax mop-up, the finance ministry said on Sunday.

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  Direct Tax Collections Rise 45% In June To Rs 3.39 Lakh Crore

  Net direct tax collections grew 45 per cent till mid-June this fiscal

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  Government's Tax Devolution May Exceed Budget Estimate In Current Fiscal: Report

  The central tax devolution is likely to rise to Rs 9.3 lakh crore in 2022-23 from Rs 8.8 lakh crore in 2021-22

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  Nearly 50% Jump In Direct Tax Collections This Year; Highest On Record Says CBDT Chief

  Tax collections from personal and corporate income jumped nearly 50 per cent in the current fiscal year so far, with over a 40 per cent surge in advance tax payments, underscoring a healthy economic recovery from the pandemic spanning two waves of coronavirus infections.