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THIS tax payment service not functional in the new IT portal: Here's how to pay it online | Personal Finance News

THIS tax payment service not functional in the new IT portal: Here's how to pay it online | Personal Finance News
india.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from india.com Daily Mail and Mail on Sunday newspapers.

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Last day to file: Here is how to file advance taxes

Last day to file: Here is how to file advance taxes
Image by mohamed Hassan from Pixabay
Today (March 15) is the last day to file advance taxes. These are for salaried, freelancers and businesses. However, it is for people whose total tax liability is Rs 10,000 or more in a financial year. But a senior citizen, not having income from business or profession is not liable to pay advance tax.
As per the law, specified assessees have to estimate their income, compute income-tax liability and pay taxes in four instalments during the course of the financial year. The assessees are usually not expected to pay taxes in one instalment. ....

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Revisiting the manner of tax filings and payment

By Arianne Cyril L. Mandac
Earlier this month, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 4-2021, which lays down the guidelines for the filing of tax returns and attachments, as well as the payment of the taxes due. The RMC did not, essentially, introduce any changes to the prescribed manner of filing and payment of tax returns, but it is nevertheless important to refresh ourselves on these guidelines to ensure proper compliance and avoid unnecessary penalties and inconvenience.
ELECTRONIC FILING AND PAYMENT OF TAX RETURNS
The electronic mode of filing of tax returns can either be via the eBIR Forms or the Electronic Filing and Payment System (eFPS) Facility. Several regulations were previously issued by the tax authority, which identified taxpayers for whom the filing of tax returns using these electronic filing platforms is mandatory. Nevertheless, other taxpayers may also opt to voluntarily file their tax returns electronicall ....

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HMRC: Vital payment update issued ahead of January 2021 Self Assessment deadline | Personal Finance | Finance

| UPDATED: 11:54, Wed, Jan 13, 2021
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Her Majesty’s Revenue and Customs (HMRC) is responsible for helping people to deal with their taxes, and ultimately collecting them. Perhaps the most important date in the tax calendar this year is January 31, 2021 - the deadline for filing a Self Assessment tax return. This system is used by HMRC to collect Income Tax, and is used by millions of Britons each year. ....

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Taxes are due on Monday

Taxes are due on Monday
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