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how calculate advance tax?
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Answer / rajesh
For Eg: Your Nett Taxable income for the particular year is
Rs.250000/-.
on that Rs.250000/-. Deduct the Threshold limit of
Rs.160000/-.
Balance of Rs.90000 @ 10% it will be 9000/-.
on 15th june -15% of Rs.9000
on 15th Sep - 30% of Rs.9000
on 15th Dec -60% of Rs.9000
on 15th Mar -100% of Rs.9000/-.
| Is This Answer Correct ? | 12 Yes | 4 No |
Answer / akash sharma
i.e, taxable income for the particular year is Rs.250000/-
so Rs. 250000/- deduct the theresold limit of Rs.160000/-
Now Balance of Rs. 90000/- @10% is 9000/-
15th june (1st quarter) 15% of 9000/-
15th sep (2nd quarter) 30% of 9000/-
15th dec (3rd quarter) 60% of 9000/-
15th march (4th quarter) 100% of 9000/-
| Is This Answer Correct ? | 0 Yes | 0 No |
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