Question

Provision for advance tax paid by a company​

Answer 1

Answer:

Advance Income Tax Provisions in a brief

Schedule for payment of Advance Tax

Due Date Amount

a) On or before 15th of June 15% of the Advance Tax payable.

b) On or before 15th of September 45% of the Advance Tax

b) On or before 15th of December 75% of the Advance Tax payable