Dear Sir,
I am a businessman and every financial year I have to pay interest and charges for less payment of advance tax at the time of return filing. Please advice me how do I calculate advance tax, my trade business is services.
Regards,
Assuming your estimated profit for the year as compared to turnover you can know it........ ....... and as per profit you should deposit 15% of tax on or before 15th June. 45% on or before 15th Sep., 75% up to 15th Dec. & remaining up to 15th March , so you can save at least the Interest part .
CAclubindia
