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| Home » Income Tax Solution » Instalment of Advance Tax & due dates |
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For Companies |
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| Due date of instalment |
Amount Payable |
| On or before the 15th June of P.Y. |
Not less than 15% of advance tax liability |
| On or before the 15th September of P.Y. |
Not less than 45% of advance tax liability, as reduced by the amount, if any, paid in the earlier instalment. |
| On or before the 15th December of P.Y. |
Not less than 75% of advance tax liability, as reduced by the amount or amouts, if any, paid in the earlier instalment or installments. |
| On or before the 15th March of P.Y. |
The whole amount of advance tax liability as reduced by the amount or amounts, if any, paid in the earlier instalment or installments. |
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For Assessees - Other than companies |
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| Due date of instalment |
Amount Payable |
| On or before the 15th September of P.Y. |
Not less than 30% of advance tax liability |
| On or before the 15th December of P.Y. |
Not less than 60% of advance tax liability, as reduced by the amount, if any, paid in the earlier instalment. |
| On or before the 15th March of P.Y. |
The whole amount of advance tax liability as reduced by the amount or amounts, if any, paid in the earlier instalment or installments. |
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| e-Accounting Brings Global Opportunities. |
| 4th July, 2009 |
| EAccounting has visited India with a rainbow of opportunities. It is high time the Chartered
Accountants in India look beyond
the Indian clientele, as the entire
globe lies before them to be conquered. |
| Read more » |
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| Shortage of Accountants. |
| 21st September, 2007 |
| A report by Pune-based Value Notes, estimates that as many as 360,000 US tax returns were
prepared in India in 2006. It anticipates further growth, estimating at least 1.6 million returns will
be prepared here in 2011. |
| Read more » |
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| Outsourcing Benefits US workers. |
| 22nd August, 2009 |
| Outsourcing is a dirty word. In the US, outsourcing means firing full-time workers and
shipping their jobs to a less developed country where wages are lower and labor laws are more
lax. |
| Read more » |
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Tax Events Calendar |
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Bhavishya Kiran Educational Trust |
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