Advance tax
This query is : Resolved
Pankhuri Singhal
(Querist)
01 January 2015
if basic tax is 9970 and cess thereon is 300 and therefore total tax is 10270.
is advance tax applicable. I m confused coz basic tax is below 10,000.
CA Hemant Bhathad
(Expert)
01 January 2015
yes
Becoz total tax payable is relevant for the advance tax
Becoz total tax payable is relevant for the advance tax
Rupesh Jain
(Expert)
01 January 2015
amount of tax exceeds rs. 10000/- then you have to deposit the advance tax
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