Index Fund Corner
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| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
Who needs to pay advance tax?
Any taxpayer whose total tax liability after deducting TDS (tax deducted at source) is ₹10,000 or more must pay advance tax.
This includes salaried employees with additional income sources such as rent, capital gains, or interest earnings. Businesses and self-employed individuals are also required to pay advance tax.
Resident senior citizens (aged 60 years or above) who do not have income from business or profession are exempt.
Salaried individuals with no additional income are not required to pay advance tax as their employers deduct TDS.
Advance tax instalment schedule
June 15 – 15% of the total tax liability
September 15 – 45% (including the June instalment)
December 15 – 75% (including the previous instalments)
March 15 – 100% of the total tax liability
Payment mode
E-payment is mandatory for corporates and taxpayers whose accounts require an audit under Section 44AB of the Income Tax Act. Other taxpayers can also use online payment for convenience.
Penalty for non-payment or delay
Failure to pay the advance tax on time attracts interest under Sections 234B and 234C of the Income Tax Act. A 1% interest per month is charged on the unpaid amount for any shortfall in instalments. If less than 90% of the total tax is paid by March 15, additional interest under Section 234B applies until the tax is fully settled.
