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If you don't have money taken out of your paycheck for taxes, you still need to send money in to cover them. This is done through the payment of estimated taxes.

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Q: What is advance payment of tax?
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Meaning Advance Payment Tax?

Advance payment of tax means to pay tax along with the earning of his income this tax is paid on the current year income in the same year .In fact, it is paid as advance and it is called advance payment of tax


How do you treat interest on advance payment of tax in financial statements?

there is no interest on advance payment of tax


What do you understand by advance tax payment did government provide any special bonus on advance payment of tax?

Advance tax payment is paying of tax to the government in advance, before the year ends. The government do not provide special bonuses.


What do you understand by advance tax payment did government provide any special bonus on advance payment of tax-?

Advance tax payment is the type of tax that citizens pay at receipt of their salary, or before the year ends. The government do not give special bonuses on the tax.


Which challan is to be used for Advance Tax?

challan 280 is used for payment of Advance income tax in case your estimated income tax is more than 10,000 p.a.


How can you download advance tax receipt which payment you made?

ashok bhandari


What is a deduction from earnings as an advance payment on income tax?

Withholding amounts from your gross income is an advance payment of income tax and other required taxes, etc that your employer payroll department is required to withhold from your gross earnings that are subject to the withholding tax rate amounts.


When wct tax is deducted either on advance payment or on booking of invoice?

on the book of invoice...


What is an advance payment?

An advance payment is a part of a sum which is paid or received in advance for goods and services.


What are the effects of advance payments?

Advance payment of tax means to pay tax along with the earning of his income this tax is paid on the current year income in the same year .In fact, it is paid as advance and it is called advance To juxtapose is to bring two items together. In a novel they use this in character dynamics. For example by juxtaposing the protagonist of the book with the antagonist it create Advance payment of tax means to pay tax along with the earning of his income this tax is paid on the current year income in the same year .In fact, it is paid as advance and it is called advance... To juxtapose is to bring two items together. In a novel they use this in character dynamics. For example by juxtaposing the protagonist of the book with the antagonist it creates tension, interest,... If you meet the rules under Who can get the advance payment of the earned income credit , give your employer a Form W-5, Earned Income Credit Advance Payment Certificate, for 2010.After you have read... I assume it means that the landlord would like a months rent up front. So, for example, you move into a house in March, and he would want you to pay March twice, once for the actual month, and...


What is the meaning of tax management?

Every assessee liable to pay tax needs to manage his/her taxes. Tax management relates to management of finances for payment of tax, assessing the advance tax liability to pay tax in time. Tax management has nothing to do with planning to save tax it is just related with operational aspect of payment of tax i.e. while managing his taxes a person ensures that he/she is making timely payment of taxes without running out of the money and he is complying with all the provisions of the law


What is the difference between advance payment and down payment?

Down Payment: Payment, which is a loan in advance with no securities for the borrower or the buyer. Advance Payment: Payment which is connected with respective responsibilities. That means that the borrower or buyer gets some securities from the lender or vendor.