Advance Income Tax
This query is : Resolved
CPA Parveen Sharma
(Querist)
24 November 2009
Hi Expert, can sombody tell me...who is liable to pay advance tax ? and what is the due date to pay advance tax for the company ? thanks, Parveen Sharma
24 November 2009
After 1.04.09 , If the tax liability comes more than Rs.10000, Advance tax should have been paid.
The due dates for co. are:-
upto 15th June = 15% of the tax lias
upto 15th Sep = 45% of the tax lias
upto 15th Dec = 75% of the Tax lias
upto 15th March = 100% of the Tax Lias
The due dates for co. are:-
upto 15th June = 15% of the tax lias
upto 15th Sep = 45% of the tax lias
upto 15th Dec = 75% of the Tax lias
upto 15th March = 100% of the Tax Lias
24 November 2009
An assessee is liable to pay advance tax if the tax payable is Rs. 10000 or more.
Due dates for payment of advance tax is as follows:
In the case of corporate assessee
On or before 15th June of the previous year.
Upto 15% of advance tax payable
--------
On or before 15th Sept. of the previous year.
Upto 45% of advance tax payable
On or before 15th Dec. of the previous year.
Upto 75% of advance tax payable
On or before 15th March of the previous year.
Upto 100% of advance tax payable
Due dates for payment of advance tax is as follows:
In the case of corporate assessee
On or before 15th June of the previous year.
Upto 15% of advance tax payable
--------
On or before 15th Sept. of the previous year.
Upto 45% of advance tax payable
On or before 15th Dec. of the previous year.
Upto 75% of advance tax payable
On or before 15th March of the previous year.
Upto 100% of advance tax payable
shakuntala chhangani
(Expert)
24 November 2009
Hi Praveen, It is obligatory to pay advance tax in all the cases where advance tax payable is Rs. 10,000 or more
Due dates :
In PY corporate assessee others
(% of Adv TAx) (% of Adv TAx)
upto 15th June 15% -
upto 15th Sep 45% 30%
upto 15th Dec 75% 60%
upto 15th Mar 100% 100%
any payment of advance tax made before 31st March shall be treated as advance tax paid during the previous year. Regards, CA Shakuntala Chhangani
Due dates :
In PY corporate assessee others
(% of Adv TAx) (% of Adv TAx)
upto 15th June 15% -
upto 15th Sep 45% 30%
upto 15th Dec 75% 60%
upto 15th Mar 100% 100%
any payment of advance tax made before 31st March shall be treated as advance tax paid during the previous year. Regards, CA Shakuntala Chhangani
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