![]() ![]() Less: Total of Quarterly self-assessment tax payments Florida Statutes state that property taxes are due and payable November 1 of each year or as soon thereafter as the certified tax roll is received by the Tax Collector from the Property Appraiser. 150,000/-, then the refund for that year of assessment, is computed as follows. If your income tax liability for the year of assessment 2016/17 is Rs. ![]() We’ll set you up with a dedicated team of bookkeepers and a tax team to provide year round tax advice and file your taxes for you. If you’d rather have someone else handle your bookkeeping and federal income tax filing, check out Bench. However, if you make above payments one month before respective stipulated dates, you will be entitled to a 10% discount thereof (based on current year liability) and payments could be made as follows. The due dates for these 2022 payments are April 18, June 15, September 15, and January 16 (2023). Then, under normal circumstances you may make quarterly self-assessment income tax payments on the basis of that liability for the year of assessment 2016/17 as follows: Payment Date Less: Total of Quarterly self-assessment tax payments madeĭiscount 200,000 x 10% (already deducted)īalance Tax payable on or before September 30, 2017Īssume that your income tax liability (as an individual) for the year of assessment 2015/16 is Rs.200,000/. Q4 January 15, (Jan 17th, 2022 due to the 15th falling on the weekend): Quarterly. Q3 September 15, 2021: Quarterly estimated taxes for the months from June 1 August 31 of 2021 are due on this date. Here are the due dates for income earned in 2022: April 18: taxes due on earnings. Q2 June 15, 2021: This is when you’ll pay quarterly estimated taxes on the income you made from April 1 May 31 of 2021. Total Income Tax payable for the Y/A 2016/17 January 15, 2022, was the deadline for quarterly payments on income earned from September 1 to December 31, 2021. Then, the balance tax payable for that year of assessment, on or before September 30, 2017, is as follows: Computation If your income tax liability for the year of assessment 2016/17 is Rs. ![]() However, if you make above payments one month before the respective stipulated dates, you are entitled to a 10% discount thereof (based on current year liability) and payments could be made as follows. Then, under normal circumstances you may make quarterly self-assessment income tax payments for the year of assessment 2016/17, as follows: Payment Date Illustration – I A ssume tha t your income tax liability (as an individual) for the year of assessment 2015/16 is Rs. * Please note that, as the due date falls on a non working day (public or bank holiday) please make arrangements to pay or comply on or before that date.ĭiscount on Income Tax payable by Individuals Any individuals who makes any quarterly self-assessment income tax payment, one month before the due date, is entitled to a 10% discount thereon (not exceeding such percentage on the installment based on the current year profits). ![]()
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