Please explain the concept of advance tax.
1 Replies
G.E.Sudarsan
(Audit Assistant)
(97 Points)
Replied 19 December 2009
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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