Companies and bodies corporate

Every company and body corporate shall pay to the Commissioner– (a) on or before the last day of the third, sixth, ninth and twelfth months of each basis year, on account of tax for each such year, one- quarter of an amount obtained by calculating the tax for each year at the rates prescribed on its estimated chargeable income for each basis year or on its chargeable income for the preceding year; and (b) the remainder of its tax for each basis year on or before the last day of the third month after the end of each basis year respectively.