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advance tax

Tax queries 588 views 1 replies

Please explain the concept of advance tax.

Replies (1)

if the assessee tax payable is Rs.10,000/- or more, then advance tax is payabloe as follows:

                                                              Corporate Assessee                                            Non-corporate assessee

on or before 15th june                       upto 15% of advance tax payable                       ---------------

on or before 15th sept                        upto 45%                                                                30%

on or before 15th dec                          upto 75%                                                                60%

on or before 15th march                      upto 100%                                                            100%

 


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