pvtltd.co

Direct Tax

Advance Tax Planning & Payment

Advance tax computation and calendar management — liability assessment, instalment schedule (15 June/15 Sep/15 Dec/15 Mar), and interest exposure under Sections 234B and 234C. Section 208 (liability > ₹10,000), Section 234B (default interest), Section 234C (deferment), instalment schedule, AIS-based computation.

Reviewed by CA Harun Raaj, ICAI Reg. No. 238303·Last reviewed:
Starting from ₹1,999Typical timelineAdvance Tax

Advance tax computation and calendar management — liability assessment, instalment schedule (15 June/15 Sep/15 Dec/15 Mar), and interest exposure under Sections 234B and 234C. Section 208 (liability > ₹10,000), Section 234B (default interest), Section 234C (deferment), instalment schedule, AIS-based computation. We keep the work founder-friendly and evidence-led so the company can move without unnecessary back-and-forth.

What is included
  • • Advance Tax scope review and action plan
  • • Document checklist and evidence review
  • • Drafting, computation, or filing support
  • • Submission support and acknowledgement tracking
  • • Follow-up on queries, corrections, or notices
  • • Closure notes and next-step reminders
Documents required
  • • PAN, Aadhaar, or entity tax data
  • • Form 16, AIS, 26AS, or return history
  • • Bank statements and ledgers
  • • Notice, contract, or transaction records, if any
Government fees

See the fee table below for the statutory filing charge and common delay logic.

Legal basis
  • • Section 207 of the Income-tax Act 1961
  • • Section 208 of the Income-tax Act 1961
  • • Section 234B of the Income-tax Act 1961
  • • Section 234C of the Income-tax Act 1961
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Process

How the service works

The workflow is built to be predictable: document collection, legal review, filing, and post-filing follow-through.

Step 1Scope

Confirm the scope

We map the exact service route to the trigger, form set, and documentary evidence so the work starts on the right footing.

Step 2Docs

Collect the records

We gather the company records, notices, or transaction documents needed for advance tax and check them for gaps.

Step 3Draft

Prepare the filing or memo

We draft the computations, filings, or advisory memo so the next person in the chain can review it quickly and confidently.

Step 4Close

Submit and track follow-up

We move the file through submission, keep the acknowledgement trail tidy, and handle any follow-up questions that come back.

AEO summary

Advance Tax is the CA-led workflow that helps a Private Limited company stay compliant, file the right forms, and keep the record trail clean.

Advance Tax Planning & Payment workflow

We start by checking the exact trigger, the legal route, and the documents that make advance tax executable for a Private Limited company. That keeps the filing or advisory work tied to the actual statutory path instead of a generic checklist.

Once the scope is locked, we prepare the working papers, filings, and follow-up notes so the matter can move without unnecessary back-and-forth. The goal is to make the process understandable for the founder, the finance team, and the reviewer.

  • • Scope mapping for advance tax
  • • CA-led document review and drafting
  • • Submission support and acknowledgement tracking

What this protects for the company

For a Private Limited company, the value is not just speed. It is also about keeping the record trail clean enough for banks, investors, regulators, and future diligence work.

A founder-friendly process lowers the chance of avoidable notices, rework, or missed deadlines while keeping the company aligned with the right section, rule, or circular in Direct Tax.

  • • Cleaner compliance evidence for Direct Tax
  • • Better preparation for diligence or audit
  • • Less last-minute chasing inside the finance team

Government fees

Fee breakdown

ItemFeeNotes
No standalone government feeNilThis is a professional assignment; statutory fees apply only if the matter includes a connected filing or portal step.
Connected filing or application feeAs per applicable portal / authority scheduleOnly relevant if the work includes a statutory submission such as a return, registration, or approval.

Timeline

Typical turnaround

Typical timeline usually means a 1–3 weeks turnaround, assuming documents are complete and any board or shareholder approvals are already in place.

Pricing note

Fees can vary by filing type, entity class, and whether the work includes a reply, appeal, or connected computation.

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FAQ

Frequently asked questions

What is the advance tax instalment schedule for companies under Section 211?
Section 211 requires companies to pay advance tax in four instalments: 15% by 15 June, 45% by 15 September, 75% by 15 December, and 100% by 15 March. The schedule is based on the company’s estimated tax for the year.
What interest is charged under Section 234C if a company misses the September instalment?
Section 234C generally charges 1% per month for three months on the shortfall in the 15 September instalment. The same section uses similar month-count rules for the other advance-tax instalments.
Is a company liable for advance tax even if it made a loss in the previous year?
Yes. Sections 207 and 208 look at the current year’s estimated tax liability, so a prior-year loss does not remove the obligation if the current year’s tax crosses ₹10,000.
What is the difference between Section 234B and Section 234C interest?
Section 234B applies when advance tax itself is short-paid overall, while Section 234C applies when one or more instalments are deferred or underpaid. In short, 234C is the instalment mismatch charge and 234B is the year-end shortfall charge.
Can advance tax be adjusted against TDS credit when computing liability?
Yes. Section 209 allows estimated tax to be reduced by the TDS and TCS credit available for the year before calculating advance-tax instalments. The computation should use credits that are actually available for that assessment year.

Canonical reference: https://www.pvtltd.co/services/advance-tax-planning

Get started

Ready to move this filing forward?

We can help with the filing, the legal mapping, and the follow-up work that keeps the company compliant after submission.

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