How to calculate advance tax? | The Money Show
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Advance tax payment due date is today. How to calculate advance tax? Is TDS considered as advance tax? How do you calculate tax oayment? Catch Jayant Pai, CFP and Head - Products, PPFAS on The Money Show with Mubina Kapasi. Who is liable to pay? All salaried assesses, freelancers and businessmen. People whose estimated tax liability after TDS and deductions under section 80C exceeds Rs 10,000. Senior citizens and non-businessmen are exempted. Applicable to those opting for new Income tax regime. Here’s how you can calculate your advance tax. Estimate your annual taxable income from all sources. Reduce annual taxable income by all deductions to be availed & TDS. Estimate the tax liability based on your tax rate. Pay Advance tax in case the final amount exceeds Rs 10,000. Listen in! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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