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avg .tax rate

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(Querist)
27 November 2009 wht v meant by avg tax rate?////////////
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shakuntala chhangani

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shakuntala chhangani (Expert)
27 November 2009 Average rate of tax for current year = total income tax payable on estimated income less advance tax already paid and TDS as a percentage of amount in respect of which the certificate of lower tax deduction is required.
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CA Lokesh Pokharna

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CA Lokesh Pokharna (Querist)
27 November 2009 can any 1 wright formulla?????
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shakuntala chhangani

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shakuntala chhangani (Expert)
28 November 2009 My dear, formula is there in the above answer.

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