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of <h1>Income Tax Payable via Deduction, Collection, or Advance Payment as per Section 392(2)(a); Board Sets Credit Rules</h1> Tax on income is payable through deduction or collection at source, advance payment, or as specified under section 392(2)(a). This payment is independent of later assessments and does not affect the tax charge under section 4(1). It supplements other tax collection methods to fulfill the tax liability for a given year. Taxes deducted or collected at source are credited as payment on behalf of the individual from whose income it was deducted. The Board is authorized to establish rules for crediting these taxes and determining the applicable tax year for such credits.
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