advance tax
This query is : Resolved
19 May 2016
please any one suugest me wen adcance tax is applicable .
19 May 2016
in case of individual : whenever the tax liability after TDS credit etc. exceeds 10,000
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19 May 2016
If tax liability exceed Rs.10000/-than advance tax liability arise income to be considered for all income.
Senior citizens who are 60 years or holder. And don't run a business are exempt from paying advance tax.
Due date for advance tax other than Company
On or before 15th June. Nil
On or before 15th September. Upto 30%
On or before 15th December. Upto 60%
On or before 15th March. Upto 100%
Senior citizens who are 60 years or holder. And don't run a business are exempt from paying advance tax.
Due date for advance tax other than Company
On or before 15th June. Nil
On or before 15th September. Upto 30%
On or before 15th December. Upto 60%
On or before 15th March. Upto 100%
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