Calcultaion of Advance Tax for Companies

rohityadav (article) (27 Points)

24 June 2023

Dear All,

Can you please explain that how advance tax is calculated for companies ?

Reply
Follow
Share

3 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177741 Points)
Replied 24 June 2023

For Domestic companies...

Advance tax is to be calculated on the basis of expected tax liability of the year. Advance tax is to be paid in instalments as given below:

*Status*	*By 15^th* June**	*By 15^th* Sept**	15^th Dec	15^th March
Corporate	15%	45%	75%	100%

Any tax paid till 31^st March is treated as advance tax.

The deposit of advance tax is made through challan ITNS 280 by ticking the relevant column, i.e., advance tax.

1 Like

rohityadav (article) (27 Points)
Replied 28 June 2023

Thanks sir ...................................

1 Like

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177741 Points)
Replied 28 June 2023

Most welcome.

Start a New Discussion