» advance tax News

advance tax

Direct tax collection soars 48% in FY22, advance tax payment up 41%

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.

More >
Finance Ministry to release Rs 47,541 cr advance installment of tax devolution to states; total of Rs 95,082 crore for January 2022

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.

More >
Money Guru: All you need to know about 'Advance Tax'

Money Guru: All you need to know about 'Advance Tax'

Tue, Mar 26, 2019

In this segment of Money Guru, we will give you deep detail about 'Advance Tax.' Watch this video for complete details..

More >
Deadline for third installment of Advance Tax nears; here's how you can pay it

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.

More >
Direct Tax Collections touch nearly 45% of FY18 Budget Estimates

Direct Tax Collections touch nearly 45% of FY18 Budget Estimates

Tue, Nov 07, 2017

In the Union Budget 2017, the government has fixed direct collections target at Rs 9.8 lakh crore. So far, the govt has received Rs 4.39 lakh crore between April - October 2017. 

More >
Direct Tax collections' reach 39.4% of FY18 Budget Estimates

Direct Tax collections' reach 39.4% of FY18 Budget Estimates

Wed, Oct 11, 2017

 In the Union Budget 2017, the government has fixed direct collections target at Rs 9.8 lakh crore. So far, the govt has received Rs 3.86 lakh crore between April - September 2017. 

More >
Change in fiscal year to Jan-Dec may impact your financial planning

Change in fiscal year to Jan-Dec may impact your financial planning

Wed, Jul 26, 2017

While, the government is working on it closely, if the fiscal year changes, it will bring major transition in your tax planning. 

More >
Direct tax collections grow 15% till June 2017, at Rs 1.42 lakh crore

Direct tax collections grow 15% till June 2017, at Rs 1.42 lakh crore

Thu, Jul 06, 2017

Key Highlights:  Direct tax collections rose 14.8%, at Rs 1.42 lakh crore  Personal income tax rose 12.9% before refunds

More >
Save income tax by March 31: Here's a checklist

Save income tax by March 31: Here's a checklist

Mon, Mar 27, 2017

Investments made in the period 1st April 2016 to 31st March 2017 only can be claimed as deduction from the total income. 

More >
Comedian Kapil Sharma's advance tax jumps 241%; Salman Khan highest payer in FY17

Comedian Kapil Sharma's advance tax jumps 241%; Salman Khan highest payer in FY17

Wed, Mar 22, 2017

If your Income tax liability exceeds Rs. 10,000 in a financial year then you have to pay Advance tax.

More >
Here are salient features of Direct Tax proposals of Budget 2017

Here are salient features of Direct Tax proposals of Budget 2017

Wed, Feb 01, 2017

Read salient features of Direct Tax proposals of India's Union Budget 2017-18 announced on February 1, 2017. 

More >
Govt's direct tax kitty swells to Rs 5.57 lakh crore in April-December 2016

Govt's direct tax kitty swells to Rs 5.57 lakh crore in April-December 2016

Fri, Dec 30, 2016

Government's direct tax kitty has swelled to Rs 5.57 lakh crore between April 1 and December 19, thereby achieving 65 per cent of budget estimates.

More >
How to calculate Advance tax and who should pay it?

How to calculate Advance tax and who should pay it?

Wed, Dec 14, 2016

If your do not pay Advance tax as per the schedule, you will become liable to pay interest under section 234B and 234C.

More >
Direct tax collection up nearly 25% in April-June of FY17

Direct tax collection up nearly 25% in April-June of FY17

Fri, Jul 08, 2016

The figures for direct tax collection up to June, 2016 indicates net revenue collection of Rs 1.24 lakh crore which is a growth of 24.79% over the corresponding period last year.

More >
PSBs show decline; pharma, steel firms rise on advance tax front

PSBs show decline; pharma, steel firms rise on advance tax front

Wed, Jun 15, 2016

The impact of Non-Performing Asset (NPA) recognition has hit tax payments by state-run lenders in the financial capital, but the steel and pharma sector companies have posted handsome increase for the June quarter advance tax outgo.

More >