Advance Tax Is it compulsory ?

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  1. sachin1231

    sachin1231 New Member

    Hello,

    Is Advance Tax Is it compulsory? I pay tax every year in June or july.
    Nothing happened from last 2 years. No penalty or no interests.

    My last year tax is 25 thousand rs. Please advise what to do ? Do I need CA for advance tax or i can send random amount to income tax website using net banking. What if i will pay tax in may or july
     
  2. Manoj Mehra

    Manoj Mehra Active Member

    You can self compute your tax liability and pay the tax.

    If you delay the payment, you would be liable to pay interest on delayed payment
     
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