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of <h1>Advance tax payable when annual tax liability is Rs 10,000 or more under Section 208 of Income Tax Act</h1> Advance tax is payable in a financial year whenever the assessee's tax liability for that year, computed under the relevant Chapter, is ten thousand rupees or more; the provision sets a monetary threshold triggering advance tax obligations and has been amended over time to adjust applicability and specified amounts for different categories of taxpayers.
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