Advance Tax
This query is : Resolved
10 September 2008
Please tell me more about advance tax and related form for filling.
10 September 2008
You have to pay advance using form ITNS 280. You have to calculate the advance tax and then pay it in a bank and keep the receipt for your reference.
11 September 2008
As per section 210 every person is supposed to pay advance tax in case the assessed tax(Tax due-TDS) on the taxable income is 5000 or more. The advance tax is to be paid by corporates and others in 4 ( by 15th June-15%, 15th Sept-45%, 15th Dec-75%, 15th March-100%)and 3 (15th Sept-30%, 15th Dec-60%, 15th March-100%)instalments respectively.
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