Calcultaion of Advance Tax for Companies

For Domestic companies...

​Advance tax is to be calculated on the basis of expected tax liability of the year. Advance tax is to be paid in instalments as given below:​

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Any tax paid till 31^st March is treated as advance tax.

The deposit of advance tax is made through challan ITNS 280 by ticking the relevant column, i.e., advance tax.

Thanks sir ...................................

Most welcome.