The government’s advance tax collections for the third quarter of the fiscal year 2023-24, spanning April to December, have shown a robust...
As per Section 208 of the Income Tax Act, advance tax has to be paid by those people whose tax liability is...
The concept of advance tax serves as a financial checkpoint, ensuring that taxpayers proactively contribute based on their earnings throughout the fiscal...
If you also have to deposit advance tax, then December 15 is very important for you. The second installment of advance tax...
If the tax is being paid for the same financial year based on estimated income, it is considered advance tax. Paying your...
To facilitate the payment of various types of income taxes such as self-assessment tax and advance tax, individuals are required to use...
Direct tax collection in India: The first half of the financial year 2024 has witnessed a year-on-year jump of 20 per cent...
Advance Tax Payment Rules 2023: Every individual, including salaried employees, is required to pay advance tax if his/her tax liability for the...
If a taxpayer fails to pay advance tax by the due date, he will have to pay interest on the amount of...
All taxpayer categories, including independent contractors, professionals, people earning salaries and senior persons are subject to this income tax rule. Advance tax...