Liability to pay advance tax

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....p; (2) The amount of advance income-tax payable by an assessee in the financial year shall be computed in the following manner, namely:—       (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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....lumn (3) of the said Table: TABLE Serial Number Date of instalment in the financial year Amount payable (1) (2) (3) 1. On or before the 15th September. Not less than thirty per cent. of the advance income-tax. 2. On or before the 15th December. Not less than sixty per cent. of the advance income-tax, as reduced by the amount, if any, paid in the earlier....

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....less than forty-five per cent. of the advance income-tax, as reduced by the amount, if any, paid in the earlier instalment. 3.     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.     4.   ....

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....n the opinion of the Assessing Officer, any person is liable to pay advance income-tax, he may by an order in writing—      (a) require such person to pay advance income-tax calculated in such manner as may be prescribed; and      (b) issue to such person a notice of demand under section 162 specifying the instalments in which such tax is to be paid.....