Do we pay advance tax?

Ask the Community Income Tax
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1

Hi,

Who all are required to pay advance tax and how does the calculation happen?

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Hi,

PLease click on below link, it may help you on your queries:

31. Provisions on pymt of adv. tax.pdf (incometaxindia.gov.in)

Regards
Arpana

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3

You have to pay advance tax if -
You are salaried but have high income from interest or capital gains or rental income
You are a freelancer
You are running a business. For calculations read more .

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People who are have other income, other than salary like bank interest, capital gains, profits, rental income, or any other business income can go for advance tax.

Raghu

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