Advance tax demand notice sets out computation, instalment schedule, lower estimate procedure, and interest consequences for default.

Prescribes Form No. 151 for issuing a notice of demand for payment of advance tax under section 407(2) or 407(5). The form requires the assessee's personal particulars, the Assessing Officer's details, the statutory basis of the notice, the total sum payable, and the instalment schedule. The enclosure sets out the computation of advance tax, deductions, prior tax payments, and the total tax payable, while the notes explain the instalment timetable, lower estimate procedure, revision of estimates, and interest consequences for default.

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