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SSC CGL 2020 PYQ — Question 30

SSC CGL - 5th March 2020 Shift 1 • General Awareness • Q30

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As per the government rules, how much percentage of advance tax needs to be paid by 15th June by an individual who is liable to pay advance tax?

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Correct answer: A

Explanation

The correct answer is option 1 i.e 15%.

  • Advance tax means income tax should be paid in advance instead of lump sum payment at year-end. It is also known as pay as you earn tax. 
  • As per the government rules, 15 percentage of advance tax needs to be paid by 15th June by an individual who is liable to pay advance tax.