Advance Tax Payment | How to Pay

Описание: #Advancetax #Advancetaxcalculation #Advancetaxpayment #Advancetaxinstalment #Advancetaxduedate

Advance Tax Calculation -    • How to calculate Advance Tax?  What is Lim...  

Click Here to pay Advance Tax Online - https://onlineservices.tin.egov-nsdl....

Click here to tax calculate online - https://www.incometaxindia.gov.in/pag...

Advance Tax Instalments | How to Pay #Advancetax | एडवांस टैक्स कैसे पेमेंट करें | Challan 280
Advance Tax all about the Second instalment to be paid by 15 September 2022.
Advance tax is applicable when taxes exceed Rs.10,000
Senior citizens are exempt from paying advance tax
Advance Tax is applicable for Salaried Person
Advance tax calculation for FY 2022-23 AY 2023-24

Applicability of Advance Tax
Advance Tax is applicable for all assessee whose Tax Liability exceeds Rs. 10,000/- during the financial year.
TAX Liability 10000 or more
Senior citizens – No Business Income – Advance Tax Not Apply
Due date of payment of Advance Tax
Due date of payment of advance tax For all assessee (except those assessee who has opted for Presumptive taxation scheme)
Up to 15th June of financial year 15% of Tax Payable
Up to 15th September of financial year 45% of Tax Payable
Upto 15th December of financial year 75% of Tax Payable
Upto 15th March of financial year 100% of Tax Payable

Due date of payment of Advance Tax
Assessee who has opted for Presumptive taxation scheme for business or profession covered u/s 44AD or u/s 44ADA respectively
100% - Upto 15th March of financial year
Calculation of Advance Tax
A Income under the Five Heads of Income
(Salary, House Property, PGBP, Capital Gain, Other) XXX
B Brought Forward Losses and Allowance XXX
C Gross Total Income ( A-B ) XXX
D Chapter VI-A Deductions XXX
E Total Income ( C-D ) XXX
F Tax on Total Income XXX
G Surcharge on ( F ) above XXX
H Total Tax Payable XXX
I Relief under section 89 (FA 2019) XXX
J Tax Liability ( H-I ) XXX
K 4% Health and Education Cess on ( J ) XXX
L Total Tax Liability ( J + K ) XXX
M Relief under section 90, 90A, 91 XXX
N MAT Credit / AMT Credit XXX
O TDS / TCS XXX
P ADVANCE TAX LIABILITY [ L – (M+N+O) ] XXX

1. Advance Tax is calculated on estimated income of the taxpayer.
2. Income received in the previous financial year can be taken for estimation of current year income.
3. Non payment of advance tax will result in levy of 1% per month interest under 234B and 234C of the Income tax Act, 1961.

Payment of Advance Tax - Challan No 280

Join our telegram Channel - https://t.me/gstmcataxupdate

Created and Posted By - Optimus Professionals Services
For any query please call – 09810800581 or mail at – [email protected], Mail at – [email protected]
or comment below video on YouTube
All content copyright with Optimus Professionals Services