Advance tax applicability.


This query is : Resolved 

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

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.


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