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of <h1>Income Tax Bill 2025 Clause 408 maintains four-instalment advance tax schedule with same payment dates and thresholds as current law</h1> The Income Tax Bill 2025's Clause 408 largely mirrors Section 211 of the Income-tax Act 1961, maintaining the four-instalment advance tax payment schedule with identical due dates and progressive thresholds. Both provisions require payments of 15%, 45%, 75%, and 100% of advance tax liability by June 15, September 15, December 15, and March 15 respectively. Key differences include updated terminology ('tax year' versus 'financial year') and cross-references to different computation sections. The clause provides special provisions for presumptive taxpayers requiring single payment by March 15, and recognizes payments made up to March 31 as advance tax for that year, ensuring revenue flow while maintaining taxpayer compliance obligations.
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