Provisional tax : the calculation of estimate of taxable income : tax technical

Although the rules for calculating the estimate of taxable income have been with us for little less than three years, the rules still present tax practitioners with difficulties, and which, as a result, give rise to an understatement-of-estimates penalties. This article focuses on the method required for the calculation of the estimates of taxable income. This requires a calculation of the basic amount when estimating taxable income for payment of provisional taxes.