{"id":19025,"date":"2022-06-20T17:25:17","date_gmt":"2022-06-20T11:55:17","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?page_id=19025"},"modified":"2022-06-20T17:25:48","modified_gmt":"2022-06-20T11:55:48","slug":"cbdt-delay-in-payment-of-advance-tax-will-attract-interest-liability","status":"publish","type":"page","link":"https:\/\/swaritadvisors.com\/learning\/cbdt-delay-in-payment-of-advance-tax-will-attract-interest-liability\/","title":{"rendered":"Delay in payment of Advance tax will attract interest liability: CBDT"},"content":{"rendered":"\n<p>The Central Board of Direct taxes has asked the taxpayers to pay their first instalments of advance tax before June 15. The board also stated that the failure to pay the tax within the stipulated time would result in the accumulation of interest over that amount. <\/p>\n\n\n<a href=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2022\/06\/Delay-in-payment-of-Advance-tax-will-attract-interest-liability-CBDT.pdf\" class=\"pdfemb-viewer\" style=\"\" data-width=\"max\" data-height=\"max\"  data-toolbar=\"bottom\" data-toolbar-fixed=\"off\">Delay-in-payment-of-Advance-tax-will-attract-interest-liability-CBDT<br\/><\/a>\n<p class=\"wp-block-pdfemb-pdf-embedder-viewer\"><\/p>\n\n\n\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link\" href=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2022\/06\/Delay-in-payment-of-Advance-tax-will-attract-interest-liability-CBDT.pdf\">Download Now<\/a><\/div>\n\n\n\n<p> The taxpayers\u2019 category that comprises advance taxpayers includes civil servants. In this case, the tax post deduction or collected tax is Rs. 10,000 or more. Resident Pensioners, those who do to earn from any business or have an income from any profession, are exempted from paying the advance tax. <\/p>\n\n\n\n<p> Through a social media post, the CBDT said the mode of payment would be digital, and the electronic payment would be mandatory for all the stakeholders that shall, including companies and taxpayers, who have to get their accounts audited. The board stated further the digital method is convenient for the taxpayers and ensures proper credit of taxes. <\/p>\n\n\n\n<p>\n\nThe taxpayers are directed to pay their debts in a phased manner\nof four advance payments in the months of June, September,\nDecember and March. The first instalment must be only 15% of\nthe tax debt for the whole year, but the taxpayer must pay the\nentire amount by the end of March.\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Board of Direct taxes has asked the taxpayers to pay their first instalments of advance tax before June 15. The board also stated that the failure to pay the tax within the stipulated time would result in the accumulation of interest over that amount. Download Now The taxpayers\u2019 category that comprises advance taxpayers [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":19027,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/pages\/19025"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=19025"}],"version-history":[{"count":2,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/pages\/19025\/revisions"}],"predecessor-version":[{"id":19028,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/pages\/19025\/revisions\/19028"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/19027"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=19025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}