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of <h1>Amendment to Section 211: New Schedule for Advance Tax Payments Based on Income Source and Financial Year End.</h1> Section 211 of the Income-tax Act has been amended to specify the schedule for advance tax payments. Assessees whose income is primarily derived from sources with a financial year ending by December 31 must pay in three equal installments on June 15, September 15, and December 15. Other assessees must pay on September 15, December 15, and March 15. The Board may allow certain assessees to pay the last installment on March 15 instead of December 15, based on business nature and accounting methods. The definition of 'total income' is clarified for advance tax calculations. Changes in sub-section (2) adjust dates to March 15 and December 15.
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