Computation of advance tax

rate of interest @ 1% is per month not annually.

Sens*x Slashes by 323.69 Points

Hi,

The total interest will be Rs.1257/-

Illustration as follows:-

Thanks with regards,

Swapan Kr. Pal

9831481897

Hello Everyone!!

The problem i m facing is that one of my clients has paid advance tax on 16th march. Should that be reckoned as the advance tax before 15th or not??

I m using a renowed software in which dates of 16th, 17th & 18th are being considered as paid before 15th march. Is there any such concept of 3days??

Please do help!!

Thanks in advance.