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Calculating of advance tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 October 2014 while calculating of advance tax for payment of advance tax ,whether TDS receivable is deducted for that period.
for example-----
for April -15 june
Tds deducted is rs. 60000.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
08 October 2014 yes. TDS credits are to be included....
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
08 October 2014 You have to deduct TDS from the total estimated tax for the year and then calculate advance tax payable each quarter.
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