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how calculate advance tax?

Answer Posted / 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/-

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