Learn how to pay advance tax in India, who is eligible, when and how much to pay, and what are the consequences of default. Find out the online and offline methods, the exemptions, and the interest rates for advance tax . Advance tax payment is a system where taxpayers pay their tax dues before the financial year ends. Learn how to pay it online, key due dates, and how the amount is calculated. Advance tax payment in India is a system of paying income tax in installments throughout the financial year as income is earned. Tax is calculated by estimating total income, deducting expenses, TDS, and applying slab rates. Instalments of advance tax and due dates. 211. (1) Advance tax on the current income calculated in the manner laid down in section 209shall be payable by— (a)
