advance tax

This query is : Resolved 

21 August 2010 what is advance tax & how it would be paid

21 August 2010 Advance tax is the payment of Income tax in advance for the forthcoming assessment year,

It can be paid online through using challan 280

It need to be paid in 4 installment for corporate assessees and 3 installment for other assessees

Due date for Installment

15th June
15th September
15th December
15 March

21 August 2010 What is advance tax -
http://www.incometaxindia.gov.in/acts/income%20tax%20act/209.asp

How it is to be paid -
http://law.incometaxindia.gov.in/DitTaxmann/IncomeTaxActs/2005ITAct/section211.htm




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