Advance tax

BVT (article) (131 Points)

31 December 2012  

Dear Sir/Madam,

I would like to know about advance tax.

Advance tax is payable on the Income earned in the F'Y or P'Y.

If F'y then as we all know the dates that is 15 june,Sep,Dec,Mar,  The tax to be calculated is on the income earned from 1/4/20.. to 15 june or 31 may.

 

Kindly help me with this .

Thanks