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income tax rates

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(Querist)
12 July 2009 INcome tax rates are applicable of advance tax or not
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
12 July 2009 Advance tax is always calculated according to income tax rates existing in Assessment year as applicable to the assessee.
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NITIN

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NITIN (Expert)
13 July 2009 Yes advance tax is calculate as per rate applicable to that assessment year in case if rate is not decided than at prevailing rate
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