Liability to pay advance income-tax

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....xceeds ten thousand 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 -   &n....

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....5th June Not less than fifteen per cent. of the advance income-tax. On or before the 15th September Not less than forty-five per cent. of the advance income-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 earlie....