Do we pay advance tax?

Hi,

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

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

1 Like

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 .

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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