Advance tax


This query is : Resolved 

28 December 2015 pl guide me for provision of Advance Tax under Income Tax Act 1961, and what is due date of deposit of advance tax.

29 December 2015 Due date of payment of Advance Tax for Individuals/Firm/HUF/Other Non Company entity is as under:

15th September - At least 30% of Tax on total income for the year.

15th December - At least 60% of Tax on total income for the year less advance tax already paid.

15th March - 100% of Tax on total income for the year less advance tax already paid.


Advance Tax payment due date for All Companies:

15th June - At least 15% of Tax on total income for the year.

15th September - At least 45% of Tax on total income for the year less advance tax already paid.

15th December - At least 75% of Tax on total income for the year less advance tax already paid.

15th March - 100% of Tax on total income for the year less advance tax already paid.

29 December 2015 https://www.caclubindia.com/forum/details.asp?mod_id=329427

Also go through file from above link for various tax rates and due dates.


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