Mastering Advance Tax: A Step-by-Step Calculation Guide

January 13, 2024 ⚊ 1 Min read ⚊ Views 52 ⚊ BUSINESS

The advance tax is also known as a pay-as-you-earn tax that is paid in advance according to your income. It is paid to the Income Tax Department as per the due dates set by the department itself. But before paying the advance tax, you have to calculate the estimated total income for the year and then calculate the tax amount on it. Here in the article, we share how to calculate the advance tax, what are its benefits and who is required to pay the tax.

Read details: https://www.registrationwala.com/knowledge-base/taxation/income-tax/what-is-advance-tax-step-by-step-guide-to-calculate

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