TMI BlogNotice of demand under section 156 of the Income-tax Act, 1961 for payment of advance tax under sub-section (3) or sub-section (4) of section 210X X X X Extracts X X X X X X X X Extracts X X X X ..... Amount payable On or before the 15th December On or before the 15th March Not less than sixty per cent * of such advance tax. The whole amount of such advance tax as reduced by the amount, or amounts, if any, paid in the earlier instalment or instalments. *Sixty per cent with effect from 1-4-1992 vide Finance Act, 1992. The amount is payable to Manager, authorised bank/ Manager, State Bank of India/Reserve Bank of India at When, if the amount is paid, you will be granted a receipt ..................................................... Challan(s) is/are enclosed for the purpose, in which you should enter the amount of each instalment at the time of payment. 3 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , as the case may be, the whole of such higher amount of advance tax according to your estimate. 5. If you are liable to pay advance tax under section 208 and have failed to pay such tax or the advance tax paid by you under the provisions of section 210 is less than 90% of the assessed tax, you will be liable to pay interest according to the provisions of section 234B. If you have failed to pay the instalments of advance tax by the specified dates, interest will be charged as per section 234C of the Income-tax Act, 1961. Place Date . .. Assessing Officer Address .. .. ENCLOSURE TO FORM N ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Rs. 6. Total amount on which tax is not payable and the proportionate tax on such an amount Rs. .. 7. Deduct : Tax which is deductible under sections 192 to 195 on any income (as computed before allowing any deductions admissible under the Act) and which has been taken into account in computing the income subject to advance tax Rs. .. 8. Net amount of income-tax Rs. 9. Less : Amount on account of estimated double income-tax relief, if any Rs. .. 10. Balance payable Rs. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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