Section 93 : Adjustment facility and inclusion of tax not to be withheld finally:
1) In cases where any tax is withheld from any payment for purposes of computing the amount of such payment, such tax-withheld amount shall be treated as a portion of that payment.

2) In cases where any tax is withheld from any payment except the payment from which tax is withheld finally, the person subject to tax withholding shall be deemed to have paid the amount of tax as follows:-

a) The amount of tax withheld from payment pursuant to Sections 87, 88 or 89,

b) In cases where the person withholding tax or the person subject to tax withholding pays to the Department the amount of tax referred to in Subsection (3) of Section 90 or the amount of tax deemed to have been withheld from payment, such amount.

3) The person subject to tax withholding may make a claim for adjustment of the amount referred to in Sub-section (2) only to the amount of tax payable in the income year in which that payment is made.

 

Date on which payment has to be made                                               Amount to be paid

By the end of Poush                                                               40% of the estimated tax which 

          (mid January)                                                                exceeds the already paid tax

 

By the end of Chaitra                                                               70% of the estimated tax which

(mid April)                                                                                  exceeds the already paid tax

 

By the end of Ashad                                                            100% of the estimated tax  which

    (mid July)                                                                            exceeds the already paid tax