Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


What is Advance Payment of Tax?

Answers were Sorted based on User's Feedback



What is Advance Payment of Tax? ..

Answer / sanmilan

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

What is Advance Payment of Tax? ..

Answer / rakesh aggarwal

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 ?    14 Yes 5 No

Post New Answer

More Taxation Interview Questions

how many types of vat

1 Answers  


One c form issued by the ETO was found misplaced.Kindly advise the procedure for reissuing .

1 Answers  


What are the various forms used for VAT?

0 Answers  


Rent is 50000 and service tax is 6180 what is the tds amount?

4 Answers  


If any person or company received the service tax amount from client and he purchase a construction equipment / commercial vehicle , than can he adjusted service tax amount which payable by him agnst excise duty of construction equipment / commercial vehicle as per following condition:- 1. if company involve in only construction activity. 2. If company involve in construction and manufacturing activity both.

1 Answers  


Please tell me the process of generation of TDS in Tally ERP-9 with an Example

0 Answers   Hitachi,


What are the present TDS rates for various transactions in Indai.

4 Answers  


What is the Exice leavy of food items ?

0 Answers   IBM,


1. what is the last date for payment of tds for the month of March? 2.Will the due date differs for each assessment years? if so what is due date for payment of tds for March Month for the Assessment year 2008-09?

2 Answers  


WHAT IS THE LAST DATE FOR PAYMENT OF TAX OF EXCISE DUTY IN CASE OF ( SSI ) UNIT .

1 Answers  


What is the TDS % & limit on Maintance Charges of Office Space.

4 Answers  


please tell me procedure how to calculate vat if we got vat credit?

2 Answers  


Categories