Advance tax slab

New Direct Tax Code 6706 views 8 replies

vikram tripathi

Accounts Manager

27 Points Joined September 2011

What is advance tax slab for ASS Year 2013-14

Replies (8)

CS,CA F,Numrologi TusharSampat

CS CA F Numerologist Astrologer Graph

85935 Points Joined May 2010

Refer sec 210 and Sec 234 A,B,C

SUNILKUMAR WADHWANI

Chartered Accountant

320 Points Joined May 2012

please visit- itreturn.blogspot.com/2011/02/due-dates-of-advance-tax-and-instalment.html?m=1

Guest

check out this link

https://www.indiantaxupdates.com/2012/10/calculation-of-advance-tax.html

Kirti Arora

Company secretary CA final Student

75 Points Joined April 2009

In case of Assessees other than Companies

Due Date of Installment	Amount Payable
On or before 15th Sep	Not less than 30% of the Advance Tax Liability
On or before 15th Dec	Not less than 60% of the Advance Tax Liability as reduced by the amount,if any, paid in earlier installment
On or before 15th Mar	100% of the Advance Tax Liability as reduced by the amount, if any, paid in earlier installments

In case of Companies

Due Date of Installment	Amount Payable
On or before 15th June	Not less than 15% of the Advance Tax Liability
On or before 15th Sept	Not less than 45% of the Advance Tax Laibility as reduced by the amount, if any, paid in earlier installment
On or before 15th Dec	Not less than 75% of the Advance Tax Laibility as reduced by the amount, if any, paid in earlier installments
On or before 15th March	100% of the Advance Tax Liability as reduced by the amount, if any, paid in earlier installments

The first & foremost condition is that the amount of advacne tax should be exceed 10,000 in the financial year. also refer section 234 B & 234 C also.

CA Manish

Job

5264 Points Joined December 2010

You can also refer the article on Advance tax at below link:-

/articles/short-note-on-concept-of-advance-tax-15859.asp#.UM8CZVJK31U

CA rahul

BCOM(H) ACA

725 Points Joined November 2008

please refer the attched file

sarath

82 Points Joined December 2007

Dear Vikram,

Please find the advance tax slabs on below link

https://www.exploreincometax.com/Income-tax-Ready-Reckoners/advance-tax-due-dates-compliances-interest-for-default

debora M

BUSINESS DEVELOPMENT MANAGER

1697 Points Joined February 2019

Advance tax due dates, applicable from the assessment year 2017-18, are given below:

Due date of payment of advance tax	For any assessee (except an eligible assesse given in Column 3)	An assessee who declares his business/professional income in accordance with the provisions of section 44AD(1) or section 44ADA(1)
On or before June 15 of the previous year	Up to 15 per cent of advance tax payable	-
On or before September 15 of the previous year	Up to 45 per cent of advance tax payable	-
On or before December 15 of the previous year	Up to 75 per cent of advance tax payable	-
On or before March 15 of the previous year	Up to 100 per cent of advance tax payable	Up to 100 per cent of advance tax payable

An assessee who had opted for the scheme of computing business income under section 44AD on presumptive basis at the rate of 8 per cent of turnover, is exempted from payment of advance tax related to such business for the assessment years 2011-12 to 2016-17.