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As per section 208, every person whose estimated tax liability for the year is Rs. 10,000 or more, shall pay his tax in advance, in the form of . Advance tax is to be paid in different instalments. In case of assessees other than companies, the following is advance tax rate to be payable on or before of 15^th September:

A. Minimum 15% of advance tax 30%

B. Minimum 15% of advance tax 45%

C. Minimum 15% of advance tax 15%

D. Minimum 15% of advance tax 10%

Answer: Option B

This Question Belongs to Commerce >> Income Tax And Corporate Tax

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