Need help regarding advance tax

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Well i am paying advance tax via my netbanking account.


The figure i have arrived is 7000.ANd i was all about to pay but when i logged on.It asked details like  basic tax,surchage,education cess,others,penalty,interest .As i put my figure the total will be added if  i add the numbers.

I know when computing final tax one has to calculate basic tax and than edu cess and than pay final figure.

 

But for advance tax i am not sure whether i just have to pay basic tax or have to pay cess right now or i should pay the same in final payment.

 

Can someone guide on this following point?

Replies (6)

do this,

you have paid Rs. 7000/-

for basic X = 7000*100/110.3

for surcharge = 0 and 

for E.Cess Y =  X * 10.3% or 7000 - X

Total X + Y = 7000 or 7000 - (X+Y) = 0

I havent paid the amount.Ill be paying the same today.I am from maharashtra

Last year i paid almost 18000 as tax(last year was first time i surpassed 10000 tax limit hence my basic tax was around 16800 but i wasnt aware of advance tax stuff hence had to pay penalty ).This year i am thinking that my final tax calculation will be around 21000 all cess and stuff included.

 

30% would be  6300.But i plan to pay 7000total now so how do i pay.


DO i pay 6800and 204( @ 3%) as education cess in advance tax.Or i just pay 7000 as total basic tax and nothing in other columns ?

Go through my working provided earlier or just pay 7000 as basic tax.

There is no matter because you are paying Rs. 200/- extra.

I came across an article which states that i should pay cess together along with advance tax figure highlighted.

https://www.simpletaxindia.org/2009/12/pay-your-advance-tax-on-time-otherwise.html

 

 

 

Go through my working provided earlier or just pay 7000 as basic tax.

There is no matter because you are paying Rs. 200/- extra.


I paid 6796 as basic tax and 204 rupees as education cess.Total 7000 rs as advance tax


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