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Direct tax collection soars 48% in FY22, advance tax payment up 41%
Thu, Mar 17, 2022
India's collection from tax on personal and corporate income jumped over 48 percent in the current fiscal after a 41 percent surge in advance tax payments, mirroring sustained economic recovery in a year that witnessed two waves of coronavirus infections.
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Finance Ministry to release Rs 47,541 cr advance installment of tax devolution to states; total of Rs 95,082 crore for January 2022
Thu, Jan 20, 2022
The Centre will on Thursday release an advance installment of tax devolution to the states amounting to Rs 47,541 crore, the Finance Ministry said.
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Deadline for third installment of Advance Tax nears; here's how you can pay it
Tue, Dec 12, 2017
If you miss the first deadlines for advance tax payment, you will have to pay interest, which is computed as 1% interest on the defaulted amount for every month until the tax is paid off completely.
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