In India, advance tax—often referred to as the “pay as you earn” tax—requires individuals to estimate their annual income and pay taxes in instalments if their total tax liability exceeds ₹10,000 in a financial year.
Advance tax must be paid in four instalments during the financial year:
You can record your advance tax payments by entering the challan details in just a few simple steps:
Go to Save > Edit Tax Situation > Tax Credits > Advance Tax
Enter the following information:
Click Save once all details are correctly filled in.
Once added, your advance tax payments will reflect under Tax Credits and be adjusted while computing your final tax liability.
You can record your advance tax payments by entering the challan details in just a few simple steps:
Go to Save > Edit Tax Situation > Tax Credits > Advance Tax
Enter the following information:
Click Save once all details are correctly filled in.
Once added, your advance tax payments will reflect under Tax Credits and be adjusted while computing your final tax liability.
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