Tax

This query is : Resolved 

13 March 2014 what is advance company tax

13 March 2014 the total tax liability is divided in 4 installments for co to pay tax that is advance tax.

13 March 2014 Every company is required to pay advance income tax. The tax is to be paid in 4 installments as under:

By 15th June - 15%
By 15th September - 45%
By 15th December - 75%
By 15th March - 100%

The company is required to compute its estimated total income for the year and the estimated tax on the same.

The tax computed above is required to be paid as per the above installments.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Unanswered Queries