https://www.taxtmi.com/acts?id=11861 Every assessee must pay advance income-tax when the computed advance liability exceeds the threshold; it is calculated by estimating total income, computing tax at current rates, and reducing that tax by amounts deductible or collectible at source and allowable credits. Non-corporates follow a three-instalment schedule and companies a four-instalment schedule, with late payments before year-end treated as advance tax. Assessing Officers may order prescribed computation and issue demand notices before the last day of February, and persons served may file prescribed estimations and pay accordingly. en-us Fri, 17 Sep 2010 11:25:39 +0530 Fri, 17 Sep 2010 11:25:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11861 Every assessee must pay advance income-tax when the computed advance liability exceeds the threshold; it is calculated by estimating total income, computing tax at current rates, and reducing that tax by amounts deductible or collectible at source and allowable credits. Non-corporates follow a three-instalment schedule and companies a four-instalment schedule, with late payments before year-end treated as advance tax. Assessing Officers may order prescribed computation and issue demand notices before the last day of February, and persons served may file prescribed estimations and pay accordingly. Act-Rules Bills Fri, 17 Sep 2010 11:25:39 +0530 https://www.taxtmi.com/acts?id=11861