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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1899)
 Accounting General interview questions  Accounting General Interview Questions (2810)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4362)
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
 
What Do U Mean By Tds   1
Breif discription of excise duty ?   1
What happen if employer not deduct t.d.s. on salary paid upto December? TATA 1
Can we take input tax credit on purchasing of table and trolley for business..... ABC 1
what is PBT? FBT? how they are calculated?   1
can we take credit under service tax of services taken after 6 to 7 months?   4
IF I HAVE PAY COMMISSION TO LOCAL AGENT RS-5000 THEN HOW MUCH I WILL DEDUCT TDS & IS PAN CARD REQUIRE   3
what is input rebet on sale tax? Infosys 2
What is dog expenses ?   1
If a person got gold by wining a lottery and TDS on the gold value was not deducted by the deductor. After getting the gold, the person tranfer the gold to his daughter. After reading the provisions of the Income Tax Act, 1961, you are required to state that who is liable to pay the tax on the value of the gold? and is there any liability of the Deductor towards non-deduction of TDS?   1
What is the mode of payment of Entry Tax?   4
what is the difference between banker cheque and cheque? Apex 6
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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