ADVANCE TAX

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accountant
39 Points Posted on 22 January 2021

Calculation of Advance Income Tax  Individual , properitor ship firm , Pertnership firm, & Pvt ltd company.

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On 22 January 2021 at 15:02 Report
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Advance tax is calculated based on your estimated total income for the financial year. This estimated tax is then divided into four instalments, paid throughout the year. The calculation applies the relevant slab rates to your projected earnings, ensuring timely tax payments for individuals, sole proprietorships, partnerships, and private limited companies alike.

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Chartered Accountant
24588 Points Posted on 22 January 2021
Advance tax should be calculated on same basis for every cases
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On 22 January 2021 at 17:56
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17269 Points Posted on 22 January 2021
Calculation is based on estimated total income . Total estimated tax then divided into percentage proportion being advance tax 4 instalments.
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On 22 January 2021 at 20:14
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Accountant
4533 Points Posted on 23 January 2021
Advance tax can be calculated by applying the slab rate applicable to a financial year on his total total estimated income for that year.
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On 23 January 2021 at 23:32

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