Question
On or before 15th December, how much advance tax
liability must have been deposited?Solution
Due Dates for Payment of Advance Tax (Section 211): The Advance Tax shall be paid by the Individuals and Corporate Tax Payers other than tax Payers Who have opted for Presumption taxation scheme for Business (Covered u/s 44AD) on or before the following Due Dates: Due Date for Payment of Advance Tax Advance Tax Payable On or Before 15th June 15% of Tax Payable On or Before 15th September 45% of Tax Payable On or Before 15th December 75% of Tax Payable On or Before 15th March 100% of Tax Payable
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