OCR Text |
Show I I I Last Day for . ! Third Income ! Tax Payment THIS is the important day for those who owe installments of i their income or profit taxes. The j hoolcs for the quarter close today, and those who have not yet "paid ! this particular contribution, to the government have only until the close of business this afternoon to pay without a penalty. 1 A penalty cf five per cent on the amount of the tax installment due , and a further penalty of one per 1 cent per month attaches to failure : to meet this obligation. Federal of-; of-; ficials say that in view of the many remittances which will be made by ' mail, all checks, drafts and money orders posted in the mail before : midnight tonight will be honored ! as on time. Those who desire may pay the bal- ance of their entire tax today, in lieu of simply the third installment. It is estimated by federal tax ofii-' ofii-' cials that S20.000.000 will be paid into the government in this third ' quarterly tax payment period. |