Advance tax


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Querist : Anonymous

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Querist : Anonymous (Querist)
03 September 2011 Dear Sir,

I want to pay advance Tax. My company is Pvt Ltd. How i will calculate advance Tax and how i will pay the advance Tax?

Thanks in advance

03 September 2011 Advance Income Tax is to be paid on estimated income during current Financial Year as below:
For Corporate Entities:

Date Net Payable
By 15th June 15% Estimated Tax payable
By 15th September 45% Estimated Tax payable
By 15th December 75% Estimated Tax payable
By 15th March 100% of Tax

Note: On those dates above said percentage of tax should have paid.

Advance Tax can be paid at designated branches of banks empaneled with the Income Tax Department.

For Payment of advance tax use Challan No./ITNS 280

03 September 2011 Advance Income Tax is to be paid on estimated income during current Financial Year as below:
For Corporate Entities:

Date Net Payable
By 15th June 15% Estimated Tax payable
By 15th September 45% Estimated Tax payable
By 15th December 75% Estimated Tax payable
By 15th March 100% of Tax

Note: On those dates above said percentage of tax should have paid.

Advance Tax can be paid at designated branches of banks empaneled with the Income Tax Department.

For Payment of advance tax use Challan No./ITNS 280

Designated Branches: SBI,ICICI,HDFC etc


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