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Advance tax

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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.
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CA Hemant Bhathad

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CA Hemant Bhathad (Expert)
01 January 2015 yes
Becoz total tax payable is relevant for the advance tax
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Rupesh Jain

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Rupesh Jain (Expert)
01 January 2015 amount of tax exceeds rs. 10000/- then you have to deposit the advance tax




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