Advance tax

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Query Ask a Query

ASHISH ARAT

ASHISH ARAT (Querist)

09 March 2016 how to calculate advance tax

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

09 March 2016 watch this link for more details

https://taxguru.in/income-tax/advance-tax-provisions-in-brief-download-advance-tax-payment-challan-and-utility-to-pay-income-tax-online.html

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

10 March 2016 Advance tax is paid on the Total Income of the Assessee that is chargeable to tax in an Assessment Year.Tax liability Exceeds Rs.10000/- or more, Advance tax not applicable for Tax filed under 44AD.

NON-CORPORATE ASSASSEE
On or before 15 September – not less than 30% of tax payable for the year
On or before 15 December – not less than 60% of tax payable for the year
On or before 15 March – 100% tax Payable for the year

CORPORATE ASSASSEE
On or before 15 June – not less than15% of tax payable for the year
On or before 15 September – not less than 45% of tax payable for the year
On or before 15 December – not less than 75% of tax payable for the year
On or before 15 March – not less than 100% of tax payable for the year

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now