How do I know if I have to file quarterly individual estimated tax payments?
How do I know if I have to file quarterly individual estimated tax payments?
You’ll have to pay Individual Advance Tax, if at any time during the year you are in a position to estimate that your annual income will such as on which the tax payable would be more than Rs. 10000.
Now for Assessees other than Companies this has to be paid in 3 Installments (30% till 15th Sep., 60% till 15th Dec. and 100% till 15th March.) and for Companies in 4 Installments (15% till 15th June, 45% till 15th Sep., 75% till 15th Dec. and 100% till 15th March.)
