What is advance tax
vijay (student) (28 Points)
16 March 2020mean ,Date, and which assess applicable
CA Naveen Chand
(Chartered Accountant)
(12739 Points)
Replied 16 March 2020
tax liability after adjusting MAT , AMT , TDS , TCS , Rebate , Relief etc > Rs. 10,000 then a person is required to pay advance tax as follows :
Due dates % of Advance Tax Liability
15-JUNE @ 15%
15-SEPT @ 45%
15-DEC @ 75%
15-MARCH @ 100%
Non payment of advance tax will attract Interest u/s 234B / 234C .
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 16 March 2020