Empowers to Excel 
INCOME TAX LAW - UPDATE 02/05/2017
Website General Circular No. VXJC - 003/ IT / 02-05-2017
Sub: Reminder for Payment of Advance Tax
Ref: Financial Year: 2017-18
Warm greetings from VXJC
It is to note that under section 211 of the Income Tax Act 1961, advance tax on current income, calculated in the manner laid down in section 209, shall be payable in four installments by all assessees [other than those assessees covered in sec 44AD (1) and sect 44ADA (1)], who are liable to pay the same.
The due date of each installment and the amount of such installment shall be specified in the Table below:
Due date of Installment |
Amount payable |
On or before 15th June |
Not less than 15% of such advance tax |
On or before 15th September |
Not less than 45% such advance tax, as reduced by the amount, if any, paid in the earlier installment |
On or before 15th December |
Not less than 75% such advance tax, as reduced by the amount or amounts, if any, paid in the earlier installment or installments. |
On or before 15th March |
The whole such advance tax, as reduced by the amount or amounts, if any, paid in the earlier installment or installments. |
Those assessees covered in sec 44AD (1) and sect 44ADA (1): the whole amount of such advance tax, during each financial year on or before the 15th March
For any clarification/information you may contact our office.
Important Note on Disclaimer
This circular is for the general information purpose only. VXJC is in no way responsible to those persons who act on the basis of contents of this circular. Hence it is advised to refer the relevant official website/original notifications or circulars/statutes/consult a professional before taking a decision. Errors and omissions are expected.
VXJC - Kochi
Chartered Accountants
44 / 1656 B(2), 2nd Floor
VXJC House – Audit Centre
Near Lenin Centre, VKM Road, Off: NH 47 A
Kaloor.P.O, Kochi – 682017, Kerala
Ph: 0484 – 2538771,772
Mob: 9447043816, 9447326551
E-mail: vxjc@vxjc.com
thefinanceprofessional@gmail.com
VXJC - Kottayam
Chartered Accountants
IV/ 694K, Muppathiyil Buildings
Kanjikuzhy, Muttambalam P.O
Kottayam-686004, Kerala
Ph: 0481-2573099
Mob: 9447316531
E-mail: sajuandjose@yahoo.com
VXJC - Changanacherry
Chartered Accountants
Cathedral View
Vattappally, Changanacherry
Kottayam - 686101, Kerala
Ph: 0481-2428334
Mob: 9447569661
E-mail: mathewsmkl@hotmail.com
VXJC & Affiliates
Chartered Accountants
2nd Floor, Galaxy Building
Near Surya Silks, Ashoka Hospital Road
South Bazar, Kannur – 670002, Kerala
Ph: 0497 – 2970270
Mob: 9446370969
vxjckannur@gmail.com
VXJC - Bangalore
Chartered Accountants
NO.9, 1ST FLOOR, SNA TOWER
NEAR SBI ADITYA NAGAR BRANCH
MAJOR SANDEEP UNNIKRISHNAN ROAD
VIDYARANYAPURA, BANGALORE-560097, KARNATAKA
Mob: 8129820574
E-mail: vxjc@vxjc.com
thefinanceprofessional@gmail.com
VXJC & Affiliates
Chartered Accountants
IV/ 694K, Muppathiyil Buildings
Kanjikuzhy, Muttambalam P.O
Kottayam-686004, Kerala
Ph: 0481-2573099
Mob: 9447316531
E-mail: sajuandjose@yahoo.com
VXJC & Affiliates
Chartered Accountants
Cathedral View
Vattappally, Changanacherry
Kottayam - 686101, Kerala
Ph: 0481-2428334
Mob: 9447569661
E-mail: mathewsmkl@hotmail.com
VXJC - Singapore
TRINITY BIZ VENTURE PTE. LTD
21 BUKIT BATOK CRESCENT
#21-83
WCEGA TOWER
SINGAPORE (658065)
Tel : 0065 9109 7210
VXJC - AUSTRALIA
12 Saint Gwinear Lane.
CRANBOURNE NORTH, VIC 3977.
AUSTRALIA.
Tel : 0061 403 525 601