Income tax advance

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Rahul Ojha (Querist)
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10 September 2012 Sir,My question is advance tax for finincal year-2012-13 is calculated Rs.2,44,850/-.

1.How can deposit advance tax full payment or 1/4 quarterly ?

CA Ilayaraja

CA Ilayaraja (Expert)
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10 September 2012 Hi rahul. As u have not given the type of assessee i m treating it as resident male individual
So Basic Exemption limit is 2,00,000
Balance amont taxable is Rs 44850@10.30% 4620
Tax to be paid before Sep 15 is 30% of 4620 = 1386
Tax to be paid before Dec 15 is 30% of 4620 = 1386
Tax to be paid before March 15 is 40% of 4620 = 1848
Total 100% of tax due is paid before 15 march

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