Be-Aware Tip on Advance Tax Payments from V R Wealth Advisors

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Be-Aware Tip on Advance Tax Payments from V R Wealth Advisors

Pay Advance Tax if your total tax liability is more than Rs 10000 per financial year . For salaried income TDS is already deducted from the employer hence the question of advance tax does not arise .

Income from Rentals on House Property , Capital Gains on Asset Sale ( Taxable Component on Flat, Stock ,Mutual Fund Sale only ) , Bank Interest if any

How much to pay 45% of tax liability by Sept 15 2017 , so if taxable income is Rs 33333 then tax @ 30% is Rs 10000 hence Rs 4500 to be paid as advance tax .

Interest on Non-Payment of advance Tax is 1% per month for the Quarter u/s 234B .

Save on Interest Be-Aware

You may Consult your CA for more specific case to case application .

A Financial Awareness Initiative from V R Wealth Advisors

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