Question: Can you provide an overview of the Advance tax provisions under the Income-tax Act 1961? Answer by Dr Suresh Surana, Founder, RSM India: Advance tax, as the name suggests, is a tax paid by ...

A taxpayer is required to pay advance tax when the total tax liability exceeds ₹10,000 in a financial year. (iStock) Advance tax payment: The deadline to make your advance tax payment is fast ...

Advance tax refers to the income tax that is required to be paid in advance throughout the year, in instalments according to the designated due dates by the income tax department. It is commonly ...

Businesses have the option of settling corporate tax payments in instalments instead of one full payment. This staggered form of payment allows corporations to distribute taxation expenses in multiple ...

Indian taxpayers, brace yourselves! The second advance tax installment for FY 2025-26 is due September 15th. If your tax liability exceeds Rs 10,000, pay up to avoid a 1% monthly interest penalty.

The government relies significantly on income tax as a revenue source. Moreover, it obligates taxpayers to fulfil their fiscal duties through timely payments. The process involves challans used for ...

The final estimated quarterly tax payment deadline is Wednesday, January 15. There are four of these every tax year, and the upcoming one is a deadline for income earned between September 1 to ...