Pls. tell me company income tax rate @ advance tax method


Admin’s Response:

The rates of income tax for domestic company is 30% on income below Rs. 1 crore and advance tax is payable in four quarterly instalments on 15th June, 15th September, 15th December and 15th March as follows:

On or before the 15th June Not less than fifteen per cent of such advance tax
On or before the 15th September Not less than thirty per cent of such advance tax.
On or before the 15th December Not less than sixty per cent of such advance tax, as reduced by the amount, if any, paid in the earlier instalment.
On or before the 15th March The whole amount of such advance tax as reduced by the amount or amounts, if any, paid in the earlier instalment or instalments