Question
A company’s estimated tax liability for FY 2024–25
is ₹20 lakh. It has already paid ₹4 lakh in the first installment (15 June). Calculate the amount to be paid in the September installment to comply with advance tax rules for corporates.Solution
• By 15 Sept, 45% of total liability must be paid = 45% × ₹20L = ₹9L. • Already paid ₹4L → Sept payment = ₹5L
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