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Income Tax - Frequently Asked Questions (FAQs)

FAQ on Advance Tax

What should we do if the bank is closed on the last day for payment of advance tax?

  • Contents

Ans. Any taxes paid till 31st March will be treated as advance tax.

  • If the last day for the payment of advance tax is the day on which the banks are closed, then one should pay the advance tax on the immediately following working day and no interest shall be charged on such payments of advance tax. However tax can be pay through online mode, through internet banking, debit card etc.
 

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