In case of individual assessee, amount of advance tax payable in the first installment (i.e. on or before 15th June) shall –
A. 15% of total advance tax payable
B. 45% of total advance tax – Advance tax paid in earlier installments
C. 75% of total advance tax – Advance tax paid in earlier installments
D. 100% of total advance tax – Advance tax paid on earlier installments
Answer:A
In case of individual assessee, amount of advance tax payable in the first installment (i.e. on or before 15th June) shall –
A. 15% of total advance tax payable B. 45% of total advance tax – Advance tax paid in earlier installments C. 75% of total advance tax – Advance tax paid in earlier installments D. 100% of total advance tax – Advance tax paid on earlier installments