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how calculate advance tax?

Answer Posted / rajesh

For Eg: Your Nett Taxable income for the particular year is
Rs.250000/-.
on that Rs.250000/-. Deduct the Threshold limit of
Rs.160000/-.
Balance of Rs.90000 @ 10% it will be 9000/-.
on 15th june -15% of Rs.9000
on 15th Sep - 30% of Rs.9000
on 15th Dec -60% of Rs.9000
on 15th Mar -100% of Rs.9000/-.

Is This Answer Correct ?    12 Yes 4 No



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