'If this first instalment of advance tax is paid by June 30, instead of June 15, then the interest on delayed payment will be levied at 0.75% per month instead of 1% per month,' notes Homi Mistry, a partner with Deloitte India.
You filed your income tax returns for 2017-2018 and think you tax problems are over for now. But have you paid your advance tax this quarter, asks Samkit Maniar.
'If I close my housing loan, are there any investment avenues (the investment should provide liquidity) to save tax?'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
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