Article discusses about Liability to pay advance tax, Person not liable to pay advance tax, Due dates for payment of advance tax, Mode of payment of advance tax, Payment of advance tax, Payment of advance tax in pursuance of an order of the Assessing Officer.
Liability to pay advance tax
As per section 208, every person whose estimated tax liability for the year is Rs. 10,000 or more, shall pay his tax in advance, in the form of “advance tax”. In this part you can gain knowledge on various provisions relating to payment of advance tax by a taxpayer.