Liability to pay advance income-tax

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....nd rupees. (2) The amount of advance income-tax payable by an assessee in the financial year shall be computed in the following manner: (a) the assessee shall first estimate his total income and calculate income-tax thereon at the rates in force in the financial year; (b) the income-tax so calculated shall be reduced by - (i) the amount of income-tax which would be deductible or collecti....

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....ome-tax, as reduced by the amount, if any, paid in the earlier instalment. On or before the 15th December Not less than seventy-five per cent. of the advance income-tax as reduced by the amount or amounts, if any, paid in the earlier instalment or instalments. On or before the 15th March The whole amount of the advance income-tax as reduced by the amount or amounts, if any, paid in the earli....