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advance income tax

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(Querist)
04 November 2008 what is the procedure to deposit advance income tax?

and how it's calculated?
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
04 November 2008 Based on your own estimate of your taxable income. If it is company it has to be paid in 4 instalments June, Sept, Dec, and March. If it is non corporates Three instalments.(that is June is nit there)

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