Banking Awareness

Static GK (CGL)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

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?

This questions was previously asked in

SSC CGL 5th March 2020 Shift-1

10%

25%

15%

30%

- Individuals liable to pay advance tax must pay it in installments throughout the year.

- By 15th June, taxpayers are required to pay a specific percentage of their total advance tax liability.

- Option 1 (10%): Incorrect, too low for the first installment.

- Option 2 (25%): Incorrect, this is the requirement for a later installment.

- Option 3 (15%): This is the correct percentage that needs to be paid by 15th June.

- Option 4 (30%): Incorrect, this would be too high for June.