25 February 2014
Estimate the current income and the calculate income tax and cess @ 30.90%. Estimation can be made based on -
+ immediately preceding years declared income. + further adjusted to changes in income anticipated in current year.
The tax calculated as above has to be paid in three installments viz.,
+ on or before 15th September - not less than 30% of such tax, + on or before 15th December - not less than 60% as reduced by the payment made above. + on or before 15th March - the whole amount of such advance tax as reduced by the payment made as above.
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