Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
Advance tax is income tax paid in instalments during the financial year itself, applicable when total tax liability exceeds ₹10,000 after TDS.
Pay-as-you-earn tax in four instalments instead of one lump sum at year-end.
Due in four instalments (15%, 45%, 75%, 100% cumulative by 15 Jun, 15 Sep, 15 Dec, 15 Mar); interest under Sections 234B/234C applies for shortfalls.
A freelancer expecting ₹80,000 tax liability must pay ₹12,000 by mid-June as the first advance tax instalment.
Pay-as-you-earn tax in four instalments instead of one lump sum at year-end.
Advance Tax helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.