what is advance tax
mean ,Date, and which assess applicable
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What is advance tax
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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 .
The tax paid in advance , before end of the financial year is called advance tax..
Thanks bro
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