M. N. Choksi & Co. , Chartered Accountants ( MNCC )

M. N. Choksi &  Co.

 Chartered  Accountants

 

Circular Details

27-02-2010

Due Date for Advance Tax Payment

Due Date for Advance Tax Payment

 

Under Section 208 of the Income Tax Act , 1961 , it is obligatory to pay Advance tax during the Financial Year April 2009 to March 2010 ie Assessment Year 2010-11 , in every case where estimated tax after claim of Tax Deduction at Source / Tax Collection at Source is Rs. 10,000/= or more .

This tax is required to be paid in installments , due dates of which are as follows : -

 

Due Dates

% of Tax Payable

For Non Corporate assesses

% of Tax Payable

For Corporate assesses

15-Jun-2009

-

15 %

15-Sep-2009

30 %

30 %

15-Dec-2009

30 %

30 %

15-Mar-2010

40 %

25 %

 

E-Payments Are Mandatory For Corporates And Non-Corporates Under Tax Audit . For more details on epayments visit our web-site : http://www.mncandco.com/publications.htm

 

 

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