Calculation of Advance Income Tax Individual , properitor ship firm , Pertnership firm, & Pvt ltd company.
3 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 22 January 2021
Advance tax should be calculated on same basis for every cases
Kapadia Pravin
(17264 Points)
Replied 22 January 2021
Calculation is based on estimated total income . Total estimated tax then divided into percentage proportion being advance tax 4 instalments.
Krishna Chaudhary
(Accountant)
(4531 Points)
Replied 23 January 2021
Advance tax can be calculated by applying the slab rate applicable to a financial year on his total total estimated income for that year.
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