banner_ad

Advance tax

This query is : Open 
Profile Image

Profile Image

(Querist)
11 September 2012 PLZ, HELP ME HOW TO CALCULATE ADVANCE INCOME TAX IN PROPRIETORSHIP FIRM & PARTNERSHIP FIRM & INDIVIDUAL.
Profile Image

CA Ilayaraja

Profile Image

CA Ilayaraja (Expert)
11 September 2012 1.Compute tax on projected total income according to the slab rates for individual and at 30% rate for partnership firm after considering allowable salary and interest on partners.
2. 30% of step 1 should be paid on or before 15th sep
3. another 30% of step 1 should be paid before 15 december taking total tax deposited to 60%
4. the remaining 40% of step 1 should be paid before 15 march which takes total tax deposited to 100%
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details