Advance Tax Payment

From linking PAN card and Aadhaar Card to submission of updated income tax return (ITR), failure to meet these deadlines may lead to financial losses

If you miss the date, penalty will be levied at a simple interest rate of one per cent per month or part of a month

Higher proposed limits are a positive, but remember you must stick to the scheme for five years

Net direct tax collection has grown 19% to over Rs 11.35 trillion

The RBI's average daily absorption of excess liquidity was at Rs 3.8 trillion during June-July against Rs 5.5 trillion in May and Rs 7.4 trillion a month ago

The members of the World Trade Organization (WTO), for the first time in a decade, finalised a historic deal at 12th Ministerial Conference (MC12). Read more in our top headlines

Direct tax collection, net of refunds, stood at Rs 2.81 trn, according to initial estimates; advance tax collection for the period between April 1 and June 15 was Rs 42,679 cr

Likely to release framework ahead of first advance tax instalment

The net collection numbers as on today is Rs 13.63 trn which is against Rs 11.18 trn of 2018-19, Rs 10.28 trn of 2019-20 and Rs 9.24 trn of 2020-21, he said

Reliance Industries and Tata Motors skip payment

India needs more big banks to aid economic growth, says Finance Minister. More in top headlines of the day

These companies had reported healthy advance tax payments

Strap: Business Standard brings you the top headlines on Wednesday

Apart from tax planning, you need to make sure you've paid your advance tax correctly and linked your Aadhaar to your PAN

Larsen & Toubro (L&T), state-owned heavyweight Indian Oil Corporation (IOC), IT major Infosys, Tech Mahindra, and private banks ICICI Bank and Kotak Mahindra Bank led the table

The apex court gave this suggestion while hearing the case of the National Co-operative Development Corporation (NCDC)

The schedule remains unchanged, only the interest charge levied for delayed payment has been reduced

First quarter advance tax collection from India Inc has been revised upward to Rs 39,880 crore from initial mop up of Rs 8,572 crore

The clarity on the exact quantum of shortfall would emerge only after the final figure of advance tax collection comes, sources said

The income tax laws specify that a certain percentage of advance taxes be discharged on certain specific dates during the year