What is advance tax slab for ASS Year 2013-14
8 Replies
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 16 December 2012
Refer sec 210 and Sec 234 A,B,C
SUNILKUMAR WADHWANI
(Chartered Accountant)
(320 Points)
Replied 16 December 2012
please visit-
itreturn.blogspot.com/2011/02/due-dates-of-advance-tax-and-instalment.html?m=1
(Guest)
Kirti Arora
(Company secretary CA final Student)
(75 Points)
Replied 17 December 2012
In case of Assessees other than Companies
|
Due Date of Installment
|
Amount Payable
|
|
On or before 15th Sep
|
Not less than 30% of the Advance Tax Liability
|
|
On or before 15th Dec
|
Not less than 60% of the Advance Tax Liability as reduced by the amount,if any, paid in earlier installment
|
|
On or before 15th Mar
|
100% of the Advance Tax Liability as reduced by the amount, if any, paid in earlier installments
|
In case of Companies
|
Due Date of Installment
|
Amount Payable
|
|
On or before 15th June
|
Not less than 15% of the Advance Tax Liability
|
|
On or before 15th Sept
|
Not less than 45% of the Advance Tax Laibility as reduced by the amount, if any, paid in earlier installment
|
|
On or before 15th Dec
|
Not less than 75% of the Advance Tax Laibility as reduced by the amount, if any, paid in earlier installments
|
|
On or before 15th March
|
100% of the Advance Tax Liability as reduced by the amount, if any, paid in earlier installments
|
The first & foremost condition is that the amount of advacne tax should be exceed 10,000 in the financial year. also refer section 234 B & 234 C also.
CA Manish
(Job)
(5264 Points)
Replied 17 December 2012
You can also refer the article on Advance tax at below link:-
/articles/short-note-on-concept-of-advance-tax-15859.asp#.UM8CZVJK31U
CA rahul
(BCOM(H) ACA)
(725 Points)
Replied 18 December 2012
please refer the attched file
Attached File : 107704 1102349 advance tax.doc downloaded: 456 times
sarath
(CA)
(82 Points)
Replied 23 November 2013
Dear Vikram,
Please find the advance tax slabs on below link
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 19 August 2020
Advance tax due dates, applicable from the assessment year 2017-18, are given below:
|
Due date of payment of advance tax |
For any assessee (except an eligible assesse given in Column 3) |
An assessee who declares his business/professional income in accordance with the provisions of section 44AD(1) or section 44ADA(1) |
|
On or before June 15 of the previous year |
Up to 15 per cent of advance tax payable |
- |
|
On or before September 15 of the previous year |
Up to 45 per cent of advance tax payable |
- |
|
On or before December 15 of the previous year |
Up to 75 per cent of advance tax payable |
- |
|
On or before March 15 of the previous year |
Up to 100 per cent of advance tax payable |
Up to 100 per cent of advance tax payable |
An assessee who had opted for the scheme of computing business income under section 44AD on presumptive basis at the rate of 8 per cent of turnover, is exempted from payment of advance tax related to such business for the assessment years 2011-12 to 2016-17.
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