Finances of the British royal family are not subject to legislation concerning income tax, capital gains tax or inheritance tax. Furthermore, the Sovereign has no legal liability to pay such taxes. The Duchy of Cornwall has a Crown exemption and the Prince of Wales is not legally liable to pay income tax on Duchy revenues. A "Memorandum of Understanding on Royal Taxation" was published on 5 February 1993 and amended in 1996, 2009 and 2013. It is intended that the arrangements in the memorandum will be followed by the next monarch. The memorandum describes the arrangements by which The Queen and The Prince of Wales make
Income tax in India FY 2015-16, the due dates and amount of advance tax were different for corporate taxpayers and individual taxpayers.However, from FY 2016-17, both categories of taxpayers were brought at par. Further, individuals opting presumptive scheme of taxation u/s 44AD, 44ADA are liable to pay advance tax in single instalment. The due dates of payment of advance tax for F.Y 17-18 are:- Any default in payment of advance tax attracts interest under section 234B and any deferment of advance tax attracts interest under section 234C. The general rule is that the total income of an assessee for the previous year is taxable