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28/12/2019

What is Advance Tax Payment and how does it work?

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Advance Tax is a form of tax payment in parts on the estimated income of the year, instead of full tax payment at the year-end. Every person whose estimated tax liability for the year is ₹10,000 or more, is liable to pay advance tax. It is paid in instalments.

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Tags: taxation / income tax return filing / advance tax / advance tax payment / income tax returns

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