Our one Company Profit is 67.61 Lakh, How to Calculate
Advance Tax For First Qurter Als?
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Answer Posted / 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
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