Advance tax computation now set by assessee estimates or assessing officer calculation, reduced by tax deducted at source.

Advance tax for a financial year is computed either by the assessee from an estimate of current income or by the Assessing Officer from prior or later declared incomes, with tax calculated at rates in force and reduced by amounts deductible at source; the net agricultural income to be used depends on whether computation is based on a later declared income or on the assessee's estimate for the relevant previous year.

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