Hello, friends, I want to know how advance tax is paid in the case of an individual who is also a director of a company. The director remuneration received from the company and other income like rent and dividends on shares—how are they calculated? can anybody provide a format for this with calculation?
That person like any other person should estimate his total income for the year and calculate the tax liability and pay the advanc tax as per the income tax providents..
The format can be very simple of estimating and adding the income under the different sources for computing tax liability
Naveen Fintech Pvt Ltd
Kolkata
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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