Question

When does income tax start charging interest on penalty india?

Answer 1

Answer:

Interest Applicable On Late Payment of Advance Tax:

You are liable to pay advance tax before the end of the financial year in 4 deadlines: June 15, September 15, December 15 and March 15. If your advance tax is not paid according to schedule, then you will have to pay an interest on the late payment.

Answer 2

Above answer is correct......