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Third quarter estimated income tax payments due today

Published:Monday | September 15, 2014 | 9:33 AM

Today is the due date for companies and self-employed persons to pay their third quarter estimated income tax for 2014.



Under the Income Tax Act, taxpayers are required to calculate their estimated income and the applicable tax for each year and pay the amount to the Collector of Taxes.



The payment is to be done in four quarterly instalments by March 15, June 15, September 15 and December 15 of each year.



The Tax Administration says it is easy for persons to pay their taxes by using its online payment option.



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