advance tax
This query is : Resolved
24 March 2011
what are the slab for depositing advance tax for company....?
if the company is new and didnt deposied the advance tax, than what are the procedures to avoid penalties
if the company is new and didnt deposied the advance tax, than what are the procedures to avoid penalties
24 March 2011
all the companies, who are liable to pay ADVANCE TAX, in four instalments during each financial year and the due date of each instalment and the amount of such instalment shall be as specified in Table I below:
On or before the 15th June --- Not less than fifteen per cent. of such advance tax.
On or before the 15th September--- Not less than forty-five per cent. of such advance tax, as reduced by the amount, if any, paid in the earlier instalment.
On or before the 15th December --- Not less than seventy-five per cent. of such advance tax, as reduced by the amount or amounts, if any, paid in the earlier instalment or instalments.
On or before the 15th March --- The whole amount of such advance tax as reduced by the amount or amounts, if any, paid in the earlier instalment or instalments.
If not deposited Interest will be levied u/s 234B & 234C and the same can not be avoided.
On or before the 15th June --- Not less than fifteen per cent. of such advance tax.
On or before the 15th September--- Not less than forty-five per cent. of such advance tax, as reduced by the amount, if any, paid in the earlier instalment.
On or before the 15th December --- Not less than seventy-five per cent. of such advance tax, as reduced by the amount or amounts, if any, paid in the earlier instalment or instalments.
On or before the 15th March --- The whole amount of such advance tax as reduced by the amount or amounts, if any, paid in the earlier instalment or instalments.
If not deposited Interest will be levied u/s 234B & 234C and the same can not be avoided.
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