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    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.
    A ₹4 lakh Correct Answer Incorrect Answer
    B ₹8 lakh Correct Answer Incorrect Answer
    C ₹5 lakh Correct Answer Incorrect Answer
    D ₹6 lakh Correct Answer Incorrect Answer
    E ₹12 lakh Correct Answer Incorrect Answer

    Solution

    • By 15 Sept, 45% of total liability must be paid = 45% × ₹20L = ₹9L. • Already paid ₹4L → Sept payment = ₹5L 

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