Instalments of advance tax and due dates

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.... Not less than forty-five per cent. of such advance tax, as reduced by the amount, if any, paid in the earlier instalment On or before the 15th December Not less than seventy-five per cent. of such advance tax, as reduced by the amount or amounts, if any, paid in the earlier instalment or instalments. On or before the 15th March The whole amount of such advance tax, as reduced by the amount or amounts, if any, paid in the earlier instalment or instalments; (b) ^4[an assessee who declares profits and gains in accordance with the provisions of sub-section (1) of section 44AD or sub-section (1) of section 44ADA, as the case may be], to the extent of the whole amount of such advance tax during each financial year on or b....

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.... (ii) the 15th day of September, the 15th day of December and the 15th day of March, in any other case : Provided that in respect of any class of assessees referred to in clause ( i), the Board may, having regard to the nature of deal­ings in the business carried on by such assessees, the method of accounting followed by them and other relevant factors, autho­rise, by notification in the Official Gazette and subject to such conditions as may be specified therein, the payment of the last instalment of the advance tax on the 15th day of March during the financial year, instead of on the 15th day of December. Explanation : In this sub-section, "total income" means,- (a) in a case where the advance tax i....

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.... before it was read as,  "(1) Advance tax on the current income, calculated in the manner laid down in section 209 shall be payable by all the assessees who are liable to pay the same in three instalments during each financial year, the due date of, and the amount payable in, each such instalment being as specified in the following Table : Table Due date of instalment Amount payable On or before the 15th September Not less than thirty per cent of such advance tax. On or before the 15th December Not less than sixty per cent of such advance tax, as reduced by the amount, if any, paid in the earlier instalment. On or before the 15th March The whole amount of such advance tax as reduced by the amount or ....