Tax
Advance Tax Kya Hai? — Matlab, Definition & Example
Definition
Advance tax wo income tax hai jo financial year ke dauraan instalments mein pay karna padta hai jab tax liability ₹10,000 se zyada ho.
💡 Real Example
A freelancer earning ₹15 lakh/year pays advance tax quarterly: ₹22,500 by June, ₹45,000 by Sep, ₹45,000 by Dec, ₹37,500 by March.
🇬🇧 English Mein (Advance Tax)
Advance tax is income tax paid in instalments during the financial year instead of at year-end, applicable when tax liability exceeds ₹10,000. Due dates: 15% by June 15, 45% by Sep 15, 75% by Dec 15, 100% by Mar 15. Interest under Section 234B/234C applies for non-payment.
❓ Common Questions
Advance Tax kya hai simple words mein?
Advance tax wo income tax hai jo financial year ke dauraan instalments mein pay karna padta hai jab tax liability ₹10,000 se zyada ho.
Advance Tax ka ek example do?
A freelancer earning ₹15 lakh/year pays advance tax quarterly: ₹22,500 by June, ₹45,000 by Sep, ₹45,000 by Dec, ₹37,500 by March.
Advance Tax ko English mein kya kehte hain?
English mein ise Advance Tax kehte hain. Advance tax is income tax paid in instalments during the financial year instead of at year-end, applicable when tax liability exceeds ₹10,000. Due dates: 15% by June 15, 45% by Sep 15, 75% by Dec 15,