How is advance tax calculated and paid?

Posted by Unknown on 04:38 in | Comments : 0

35. How is advance tax calculated and paid?

It is paid in installments. The amount payable is to be calculated in the following manner:

Status	By 15th June	By 15th Sept	15th Dec	15th March
Corporate	15%	45%	75%	100%
Non-Corporate	nil	30%	60%	100%

The deposit of advance tax is made through challan by ticking the relevant column.