ADVANCE TAX

Tax queries 127 views 3 replies

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

Replies (3)
Advance tax should be calculated on same basis for every cases
Calculation is based on estimated total income . Total estimated tax then divided into percentage proportion being advance tax 4 instalments.
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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