To date this financial year, direct tax revenue has increased by 53.2 percent to Rs 2.58 lakh crore

0
3
To date this financial year, direct tax revenue has increased by 53.2 percent to Rs 2.58 lakh crore

Story Highlights

  • Advance tax is paid as and when the money is earned in four instalments rather than at the end of the fiscal year. It is regarded as a barometer of economic sentiment. The first instalment, equal to 15% of the annual tax, is due by June 15, the second by September 15 (30%), the third by December 15 (30%), and the balance by March 15.