Dear Friends,
I have one query in tax planning of one of my client. I want your suggessions on that. Please reply me as early as possible.
He is male & not a senior citizen.
My client was in abrod for F.Y. 2011-12. He leaved job & came back to India in April 2012. He received following amount from his employer.
1) Salary for March 2012, Arrearrs & reimbusement till March 2012 on 03/04/2012, Rs.857233/-
2) Bonus for year Jan - Dec. 2011 on 11/05/2012, Rs. 570492/-
4) End of Service benefit on 11/05/2012, Rs. 719497.97
5) Leave encashment for Jan - Mar 2012 on 11/05/2012, Rs. 304180.11/-
6) Leave encashment for April 2012 on 11/05/2012, Rs. 73555.70
7) Salary for April 2012 on 11/05/2012, Rs. 329769.55
8) Deduction for advance on 11/05/2012, Rs. (-)63599.55
The money was directly deposited to his bank a/c in India.
Now I want to calculate his advance tax for A.Y. 2013-14. How much advance tax should he pay for A.Y 2013-14 according to above mensioned income?
Please quote case law in any.
CAclubindia
