Advance tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 December 2011 Dear Sir,

Mujeh agar advance tax jama karwan hai to kaise jama karange how to calculate?

Regards
Kawal

14 December 2011 First you have to estimate your annual income. and than on that basis you have to calculate annual tax liability and pay as follows:
Due Date Amount of Tax
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.


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