Advance Tax in Income Tax, किसे भरना पड़ता है एडवांस टैक्स, जाने आसान भाषा में

Advance tax kya hota hai
ADVANCE TAX DUE DATES ARE :
15 JUNE
15 SEPTEMBER
15 DECEMEBR
15 MARCH
As the name suggests, advance tax refers to paying a part of your taxes before the end of the financial year. Also called ‘pay-as-you-earn’ scheme, advance tax is the income tax payable if your tax liability is more than Rs. 10,000 in a financial year. It should be paid in the year in which the income is received.
Advance tax receipts help the government to get a constant flow of income throughout the year rather than receiving all tax payments at the end of the year. For instance: if your advance tax liability for the financial year 2023-24 has exceeded Rs. 10,000, you are expected to pay it in FY 23-24 itself
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