Mandatory Compliances Services

Advance Income Tax Calculation

Advance tax is payable by individuals who have sources of income other than their salary. This is applicable to income through rent, capital gains from shares, fixed deposits, lottery winnings, etc. It can be paid online or through certain banks. Advance tax is to be paid on the basis of estimated income during the year, ie the assessee has to estimate his income for the year and pay the taxes partially or fully in advance. Advance tax is applicable only when the total tax liability exceeds Rs 10,000 in a financial year.

Who Needs to Pay Advance Tax

Every taxpayer, whether he is a salaried employee, freelancer or having business income in a proprietorship Firm, OPC, LLP or a company is required to pay income tax on advance basis if the tax is more than 10k during the FY. NRIs who have an income of more than Rs 10,000 in India are also liable to pay advance tax. Salaried individuals whose taxes are already deducted at source do not have to pay advance taxes.

Due Date of Payment of Advance Tax

1 On or before 15th June 15% of Advance Tax Average Rate
1 On or before 15th Sept 45% of Advance Tax -
1 On or before 15th Dec 75% of Advance Tax -
1 On or before 15th March 100% of Advance Tax -
1 By 31st March - 100 of Advance Tax

How to make Payment of Advance Tax

The Income Tax Department have authorised a number of bank branches for receiving Advance Tax payment. The payment can e made by visiting any of these bank branches or can be made online by visiting the official website of the income tax department.

  • Visit the e-payment facility on the website of Income Tax Department.
  • Choose the required form for the payment of Advance Tax.
  • Select the correct code for Advance Tax. The code number applicable is 100.
  • Fill out your PAN, name, address, email address, number etc
  • Make the payment
  • After making the payment, you will get the receipt called Challan 280 on the next screen. Save a copy of it as you will need it at the time of filing ITR.

Why avail Bizpole TDS Return Filing Services

Every detail of the TDS returns should be accurate and clear. Keeping up with the quarterly payments can be tedious and time consuming. If it is not done on time, could incur huge penalties. Since the rate of TDS is set by the IT department based on expense recognized by them, the prescribed slab rate varies. Keeping the slab rates in mind while making payments can be a cumbersome process.

At Bizpole, our expert agents prepare the accounts and file the TDS refund on your behalf. From the very first stage of preparing the returns till the last phase of refund, we act as your consultants. We will take care of all the paperwork for you, while ensuring a smooth interaction with the government.

We take care of:

  • Verification of Documents
  • Preparation of Financial Statements
  • Computing your TDS payments
  • e-filing the TDS return
  • Adherence to compliance with regulations


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