Dear Sir/Madam,
I know that if your tax liability is equal to or more than 10,000 Rupees; you need to pay advance tax. I also know that for non-corporate assessees the due dates and the instalments to be paid are : 30% by Sep 15th, 60% by Dec 15th and the whole amount 100% by March 15th.
MY QUESTION IS The 30%, 60% rules apply to income made before Sep-15 only. Suppose, the income is made between Dec-15 and March-15, the rules will of course be different - Can any of you enlighten me upon the methodology for advance tax payment to be followed if such is the case????? Your reply will be highly appreciated. Please do reply anybody.
Vivekanand.
CAclubindia
