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Why we pay advance tax

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(Querist)
30 October 2015 Hi i want to know that why we pay advance tax in Private Limited Company and what is the exceeding limit of advance tax. please let me know ..
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 October 2015 Advance tax is payable when tax liability exceeds Rs.10,000. Advance tax is based on the concept of pay as you earn.
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
30 October 2015 When we earn through out year... Govt wants the same.... Tax through out year as you earn
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