The correct answer is: B. Within 10 days of the subsequent month.
The due date for payment of tax is within 10 days of the subsequent month. This means that if you earn income in January, you have until the 10th of February to pay your taxes. If you earn income in February, you have until the 10th of March to pay your taxes, and so on.
There are a few exceptions to this rule. For example, if you are self-employed, you may be able to file your taxes quarterly. In this case, your due dates would be April 15, June 15, September 15, and January 15.
If you miss the due date for payment of tax, you may be subject to late payment penalties and interest. It is important to file your taxes on time and to pay any taxes that are due.
Here is a brief explanation of each option:
- Option A: Last day of the month to which payment relates. This is not the correct answer because the due date for payment of tax is within 10 days of the subsequent month.
- Option B: Within 10 days of the subsequent month. This is the correct answer because it is the due date for payment of tax.
- Option C: Within 20 days of the subsequent month. This is not the correct answer because the due date for payment of tax is within 10 days of the subsequent month.
- Option D: Within 15 days of the subsequent month. This is not the correct answer because the due date for payment of tax is within 10 days of the subsequent month.