Please provide me the procedure to ca1culate Advance tax for this qtr ?
3 Replies
CA Dushyant Maharishi
(CA)
(178 Points)
Replied 06 March 2008
You can download the software by searching in the website or you can find in the share files.
M.Sriram Shenoy
(CA Final)
(814 Points)
Replied 06 March 2008
Usually 100%(in total) of the tax payable should be paid within 15th of March.Compute estimated tax payable, and then check how much is paid as advance tax in previous instalments.In respect of last quarter, 40%(incase of individual, HUF, firms) of the tax payable should be paid as advance tax.
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