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Calculation of Advacne TAx

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(Querist)
12 March 2011 Dear Expert,
Plz tell me procedure of advance tax calculation ,how much turn over need a pvt. co.to deposit advance tax.
plz quick reply i mu waiting.....
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
12 March 2011 Advance tax payment not based on turnover, you need to project your income tax for the year and if you tax exceeds Rs.10000 then you need to pay advance tax based on proportion
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