What is advance tax slab for ASS Year 2013-14
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Advance tax slab
Replies (8)
Refer sec 210 and Sec 234 A,B,C
please visit-
itreturn.blogspot.com/2011/02/due-dates-of-advance-tax-and-instalment.html?m=1
check out this link
https://www.indiantaxupdates.com/2012/10/calculation-of-advance-tax.html
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.
You can also refer the article on Advance tax at below link:-
/articles/short-note-on-concept-of-advance-tax-15859.asp#.UM8CZVJK31U
please refer the attched file
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
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.
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