Advance tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 December 2011 Dear Sir,

Mujeh agar advance tax jama karwan hai to kaise jama karange how to calculate?

Regards
Kawal

Darshit Joshi

Darshit Joshi (Expert)
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14 December 2011 First you have to estimate your annual income. and than on that basis you have to calculate annual tax liability and pay as follows:
Due Date Amount of Tax
15th September At least 30% of Tax on total income for the year.
15th December At least 60% of Tax on total income for the year less advance tax already paid.
15th March 100% of Tax on total income for the year less advance tax already paid.

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