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How much tax to be paid as advance tax

02 May 2019

In py 2017 - 18 turnover is 87crs and now 18-19 it is 101 cr Now on which rate I have to calculate advance tax on the 87 crs amount for the 18-19 year to pay advance tax

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2 Replies

Umesh V Naig (Statutory Analyst) (452 Points)
Replied 02 May 2019

Advance tax is estimation of taxable income by which quarterly calculated and tax is paid

hence current financial year will only speak for this calculation and not earlier year

for example if your net profit growth is tremendous please consult your auditor for tax planning ,calculation and payment of advance tax quarter wise and plan for the cash flow.

Now it self keep separate FD for this when your cash flow is available so that the advance tax can be easily paid