how calculate advance tax?

Question Posted / aman_k120

2 Answers
5938 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

how calculate advance tax?..

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

how calculate advance tax?..

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

Post New Answer

More Accounting General Interview Questions

what is deprisiation?what is upprisiation?what is bill receable and payable

9 Answers Genpact,

Is there Disqualification of Auditor u/s 139 of Companies Act 2013 if the auditor is indebted towards the company to be appointed as an auditor, if amount exceeds more than Rs.1000 as against the provision related to Companies Act, 1956 ?

0 Answers

How to approval an invoice

1 Answers Accenture,

what is dog expenses ?

1 Answers

hi m freshe working as a account assistance. i want know about accounts, what is balance sheet, profit & loss a/c, trail balance? why these are require to company? how can i know about full account work in tally? what should i do everyday? how to finalisation calculting? kindly explain please..

0 Answers

what is the main difference between Outstanding & Accrued Expenses?

5 Answers

Hi Everybody, 1). Can anybody tell me the Journal entry for Bank charges Rs.100 and under which account it will come. 2). Received interest from Bank what is the journal entry, under which account it will come, Awaiting for soonest reply, Thanks, Khan

12 Answers

What is Debit Note and Credit Note? Subsidory Books? Minority Interest? Stock recording in P&L? Outstanding Expenses, Prepaid Expenses and Examples?

0 Answers Capital IQ,

What is accounts receivable?

0 Answers

our cheque to Arshad Khan was dishonored?

0 Answers

please tell me the 'R2R' interview questions and answers ?

1 Answers Accenture, Dr Reddys,

how would you describe youself

1 Answers ABC,

For more Accounting General Interview Questions Click Here