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of <h1>Assessees estimate current income while tax officers use latest assessed income for advance tax calculations under Section 209</h1> Section 209 of the Income Tax Act, 1961 prescribes the computation method for advance tax payable by assessees during a financial year. The calculation varies based on who performs it and the purpose. When assessees calculate for payment purposes, they estimate current income and apply current year tax rates. When Assessing Officers calculate for orders, they use either the latest assessed total income or income from subsequent returns, whichever is higher, applying current year rates. For amended orders, officers use income declared in later returns or from regular assessments. The computed tax is reduced by tax deductible or collectible at source during the financial year, except when responsible persons fail to deduct or collect such tax. Special provisions apply for agricultural income consideration and Hindu undivided families with members exceeding tax exemption limits.
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