How to arrive the companies advance tax

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Querist : Anonymous

Querist : Anonymous (Querist)

11 September 2011 DEAR EXPERTS,

CAN ANY ONE CLARIFY HOW TO ARRIVE THE COMPANIES ADVANCE TAX

THANKS IN ADVANCE
SHIVA

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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11 September 2011 For Corporate Assessee

1. On or before 15 June - not less than15% of tax payable
2. On or before 15 September - not less than 45% of tax payable
3. On or before 15 December - not less than 75% of tax payable
4. On or before 15 March - not less than 100% of tax payable

Now to estimate how much advance tax you need to pay, you need to estimate the profit for the ensuing year. And this estimation varies from organization to organization.