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of <h1>Individuals Must Accurately Compute Income and Pay Taxes via Advance Tax, Self Assessment, TDS, or TCS Methods.</h1> The government collects income tax through three primary methods: voluntary payments by taxpayers into designated banks, such as Advance Tax and Self Assessment Tax; taxes deducted at source (TDS) from the income of the receiver; and taxes collected at source (TCS). It is a constitutional obligation for individuals earning income to accurately compute their income and pay the appropriate taxes.
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