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Rules of Income Tax related to Advance Tax?

Answers were Sorted based on User's Feedback



Rules of Income Tax related to Advance 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 ?    10 Yes 3 No

Rules of Income Tax related to Advance Tax?..

Answer / swapan

HOW MUCH ADVANCE TAX ON VAT IN MARCH IF WE R COMPANY AND
WHAT IS RATE OF VAT ADVANCE TAX 2011-12. AND ANOTHER THING
THAT IF WE HAD DEPOSITED BY MISTAKE EXCESS VAT IN MONTH OF
JULY,AUG,SEP, AROUND 117000 NOW WHAT IS PROCEDEOUR OF SETUP
OF THIS AMOUNT RIGHT NOW AND HOW

Is This Answer Correct ?    2 Yes 1 No

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