ALLInterview.com :: Home Page            
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
Google
   
 
Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (159)
 Taxation interview questions  Taxation Interview Questions (1917)
 Accounting General interview questions  Accounting General Interview Questions (2844)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4376)
Question
What is Advance Payment of Tax?

 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
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
 
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
 
How to get the C form? If i am a registerd delear   1
How can I calculate Depriciation on Fixed AND CURRENT ASSESTS ? Travel-Plan 4
what is meaning of education cess?and y is it levied?   7
After assessment of books ITO demanded to pay Rs.5000 /- what will be the journal entry   1
in any sales promotion material can we issue any C form to party   1
TDS Form for salary whose salary less than 150000/- TCS 5
who will pay entry tax in E 1 sale ( sale in transit ) buyer or consignee ?   2
i want to purchase a machinary for company use, i want to purchase it from other state is c form applicable for that Advanced-Bolting-Solutions 3
when should i take input of service tax which i paid against bill (At a time of bill received entry date or payment date to party. ) TCS 2
i m geting gross 12250.m i liable for tds ? if s then how much it will take? TATA 2
how to record journal entry for tds on salary on quarterly basis? HDFC 28
WHETHER IN RETAIL INVOICE IS IT NECESSARY TO SHOW TAX PERCENTAGE OR NOT. Genpact 2
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
Copyright Policy  |  Terms of Service  |  Articles  |  Site Map  |  RSS Site Map  |  Contact Us
   
Copyright 2013  ALLInterview.com.  All Rights Reserved.

ALLInterview.com   ::  KalAajKal.com