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?
Menu
Advance Tax for Individual/Prorietor
Replies (1)
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
Recent Topic
- Due date of ITR for Option Trader
- Cancelled invoice entry
- Debt Mutual Fund Tax in New Regime
- Amount distributed by a Co-op. Hsg Society to its
- Delayed reported invoice in GSTR1
- Kusumgar IPO Listing Date: Shares Debut on BSE, NS
- When is Diwali in 2026? Date, Muhurat Timing and D
- Amount received by son from PPF closure proceeds o
- Clarification on Nature of Payment Code for NRI Pr
- Fee received as Independent Director
Related Topics
CAclubindia
