Statutory Analyst
452 Points
Joined November 2008
Advance tax is estimation of taxable income by which quarterly calculated and tax is paid
hence current financial year will only speak for this calculation and not earlier year
for example if your net profit growth is tremendous please consult your auditor for tax planning ,calculation and payment of advance tax quarter wise and plan for the cash flow.
Now it self keep separate FD for this when your cash flow is available so that the advance tax can be easily paid