Jesse Japak: advance tax is such a payment of tax based on estimated income.for e.g. if your tax liability crosses the amount of Rs. 5000/- on the basis of estimated income, then an individual is liable to pay such tax in advance or in installments.
Dorris Homola: If income tax due exceeds Rs. 5000, you must pay advance tax. The due dates are Sept 15, Dec 15 and March 15. Read http://mytaxes.in/index.php?topic=32.0.
Wilbur Marksberry: if your tax exceed rs. 5000/- you have to pay the advance taxsamarpan consultancy servicestulsi gupta9868119697...Show more
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