Advance tax applicability.

This query is : Resolved

Mukesh (Querist)
Follow

07 August 2013 Respected Sir/Madam,

I want to know about advance tax payment for a pvt. ltd. company, whose tds is more than 10,000. Can i have detail criteria about advance tax plz.

Regards,
Mukesh

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

07 August 2013 If the estimated total tax liability of the firm is Rs. 10,000/- or more, then the firm is liable to pay advance tax. The advance tax has to be deposited as under:

On or before 15th September - 30%
On or before 15th December - 60%
On or before 15th March - 100%

the advance tax liability shall be reduced by the amount of TDS deducted.

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok