avg .tax rate

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CA Lokesh Pokharna

CA Lokesh Pokharna (Querist)
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27 November 2009 wht v meant by avg tax rate?////////////

shakuntala chhangani

shakuntala chhangani (Expert)
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27 November 2009 Average rate of tax for current year = total income tax payable on estimated income less advance tax already paid and TDS as a percentage of amount in respect of which the certificate of lower tax deduction is required.

CA Lokesh Pokharna

CA Lokesh Pokharna (Querist)
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27 November 2009 can any 1 wright formulla?????

shakuntala chhangani

shakuntala chhangani (Expert)
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28 November 2009 My dear, formula is there in the above answer.

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