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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (157)
 Taxation interview questions  Taxation Interview Questions (1892)
 Accounting General interview questions  Accounting General Interview Questions (2781)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
Question
What is Advance Payment of Tax?

 Question Submitted By :: Rahul Bansal
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What is Advance Payment of Tax?
Answer
# 1
All persons including salaried employees and pensioners, in
whose case tax payable during a Financial Year is Rs.
10,000/= or more after adjusting all deductions, rebates &
TDS are required to pay Advance Tax. The rates for payment
of Advance Tax are announced in the Finance Act every year.

For Companies
By 15th June - 15% of Advance Tax
By 15th September- 30%of Advance Tax
By 15th December- 30% of Advance Tax
By 15th March- 25%of Advance Tax
By 31st March - Tax on Capital Gains or Casual Incomes arising
after 15Th March, if any.

For Non-Companies
By 15th June - NIL
By 15th September- 30%of Advance Tax
By 15th December- 30% of Advance Tax
By 15th March- 40%of Advance Tax
By 31st March - Tax on Capital Gains or Casual Incomes arising
after 15Th March, if any.
 
Is This Answer Correct ?    28 Yes 6 No
Sanmilan
 
  Re: What is Advance Payment of Tax?
Answer
# 2
For Co.
15 June-15%
15 Sept-45%
15 Dec.-75%
15 march-100%
in the case of causal income if any income arise after 15
march then it shall be compulsary to deposite the tax upto
31st march.and interest should noy be charge in this income.

FOR Other than co.
15 june-NIl
15 Sept-30%
15Dec.-60%
15 March-100%
 
Is This Answer Correct ?    13 Yes 5 No
Rakesh Aggarwal
 
 
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
I received TDS Certificate (Form No 16A) from one company, they diduct the amount from our bills. how can i refund that amount. pl tell me.   10
Whether Meeting of Board of Directors Can Be held at any Place other tan Registered Office.   3
what is the property tax? plz tell me the information with full details   2
if Advance Tax is diposited by u Rs.200000/- TDS Deposited Rs.100000/- Assesment tax raised by It depart ment Rs.350000/- What will be the Journal entries?   3
what is the Intrest Rate for CST Delay Payment Amico 1
I have purchase one air ticket from a travel agency. They allow 3000 rupees ticket to me for the total ticket purchase.But they debited staturoty TDS to me. I ask them for the legibility of this, they replaied they had received commission from airlines and airlines catch TDS from them and naturally it comes down to sustomers also. But my doubt is Airlines are allowed commission to Travel Agency and Travel Agency are not shared commission-they allowed discount. So is this TDS is applied for me or not?   2
What are the benefits to an Employee to deduct TDS from his Salary ?   3
what is tds and what is what is the current rate of tds on payment of contract and payment of professional charges   2
i am working as an accountant. i forgot to deduct the TDS of one employee in year 2010-11 of Rs.1141/-. Now what is the procedure or solution for it?   6
what is the rate of TDS for rent of the company Syntel 9
How to calculate TDS on rent when rent is added with service tax? INDUS 1
what is the rate of TCS tax? TCS 5
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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