Our one Company Profit is 67.61 Lakh, How to Calculate
Advance Tax For First Qurter Als?
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Answer / anwar
1st Installment of Advanced tax for Co are 15 % on Total
profit, Example as par your Profit
Profit- 67.61Lakh
Advanced Tax 67.61*15%
= 10,14,150
| Is This Answer Correct ? | 14 Yes | 6 No |
Answer / prathiba
According to income t ax if any company is exceed to 10,000 during a year must pay advance tax
Into 3installments
1.30% of amt due must be paid by step 15
2.60% by dec15
3.100% by march 15
So first installment is 30%
So, 67.61*30%=20.283
| Is This Answer Correct ? | 0 Yes | 0 No |
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