Are you liable to pay advance tax? Key points to know Summary: Section 208 of the Income Tax Act, 1961 mandates the payment of “advance tax” for every individual. Know what is advance tax and how is it calculated. 18 Jun 2022 by Team FinFIRST If your tax liability exceeds ₹10...
Advance Tax can be paid by filing a Tax Payment Challan,ITNS 280.Challan Tax applicable:For individual Select0021 : INCOME-TAX (OTHER THAN COMPANIES) Type of Payment:Type of payment depends on why you are paying income tax.Enter 100 for Advance Tax. You mustclaim Advance Taxwhilefiling Inco...