Advance tax payment: Guide for FY 2024-25

Advance Tax Payment Guide for FY 2024-25 Advance Tax Payment Guide for FY 2024-25 Advance tax is a crucial compliance requirement for taxpayers whose total tax liability exceeds ₹10,000 in a financial year. Timely payment is essential to avoid penalties and ensure smooth financial planning. This guide will help you understand the due dates, calculation method, and other important aspects of advance tax for FY 2024-25. What is Advance Tax ? Advance tax , also known as ‘ pay -as-you-earn ... Instalments of advance tax and due dates. 211. (1) Advance tax on the current income calculated in the manner laid down in section 209shall be payable by— (a) Learn about advance tax , who needs to pay it, due dates, payment methods, penalties, and exceptions. Understand advance tax installments and how to check payment status....