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COMPUTATION OF ADVANCE TAX LIABILITY AND PAYMENT - SECTION 209

Income Tax - Payment of Taxes and Interest - 04 - SECTION 209 - COMPUTATION OF ADVANCE TAX LIABILITY AND PAYMENT The amount of advance tax payable by an assessee in the financial year on his own accord as per section 210(1) or 210(2) or 210(5) or section 210(6) on the estimated current income shall be computed as follows:- Estimate the current income of the financial year for which the advance tax is payable. STEP I Compute tax on such estimated current income at the rate(s) of tax given under p .....

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