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
B ₹8 lakh
C ₹5 lakh
D ₹6 lakh
E ₹12 lakh
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