Last date for income tax payment

I understand that the last date for filing ITR has been extended to 31st Sept. Is this extension applicable for paying tax as well? Or will be there any penalty if paid after 31st July? Please clarify. ITR-2 is applicable to me.

I think you should pay income tax before March 15 for current Financial Year.

For FY21 you should pay 100 % income tax due on or before 15th March 2021.

@TeamQuicko Can you clarify?

@ATDES is correct, you need to pay 100% of your tax liability in form of Advance tax before the 15th March of the financial year. Missing out on which may lead to interest u/s 234C and 234B

@vivek25, The last date of filing ITR when Tax Audit is not Applicable for AY 2021-22 is 30th September 2021. You can still pay self-assessment tax and declare it when filing your ITR

@Nireka Thanks.

My query relates to my senior citizen parents. I understand that they are not liable to pay advance tax.

So now after extension of due date for filing ITR, they have time till Sept 2021 to pay self assessment tax as well. Hope I’m right?