Assessee who are in business and whose Business Income comes over taxable limit having tax-liability exceed Rs. 10000/- such assessee is liable for Advance Tax. The 2nd Installment of Advance Tax is due on or before 15th September of each Year. I request to such all Tax-payee (Individual Assessee who carrying a business) to pay their 1st Investment of Advance Tax and safe from Penalty Dues or Interest Amount. The 1st Installment of Advance Tax is 30% of Tax liability amount on the estimated Income from Business for the Financial Year 2012-13.
Difference Between Income Tax and Advance Tax.
Income Tax?
Income Tax is calculated on Actual income.
Income Tax is deposited in Assessment Year.
Income Tax is deposited as final tax.
Advance Tax?
Advance Tax is calculated on estimated income.
Advance Tax is deposited in Financial Year.
Advance Tax is deposited in installments in percentage.
Know more about Advance Tax Click Here.
Calculate your Advance Tax Click Here.
Submit your Advance Tax Challan Click Here
Calculate your Advance Tax Click Here.
Submit your Advance Tax Challan Click Here
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