Who has to pay Advance Tax?
Any one, including salaried employees, whose tax liability for the financial year, as reduced by tax deducted/ collected at source is Rs. 10000/- or more..
Where to pay
-E payment (through Internet)
-ATM of 13 banks
-At any authorized bank branch through paper challans.
This is the 2nd installment for companies and first installment for other tax payers.
Last date is 15th September 2011.
"Learning from experience is a faculty almost never practiced"