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Advance Tax

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08 December 2016 What is Advance tax ? ... Assessee - Individual or Partnership Firm.

08 December 2016 ADVANCE tax is income tax payment to be paid in advance if tax liability exceed Rs.10000/-or more in a financial year.

Advance tax Applicable to all assasee due date 15 th June, 15 th September, 15th December and 15 March. Advance tax liability for 4 quarters.15%, 45% ,75% and 100%.

08 December 2016 OK.. But what is the Income considered for calculation of Advance Tax ...Can someone please provide an example ?




08 December 2016 Gross total income from all head considered after deduction of Chapter VIA



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