Advance tax refund

Taxpayers are required to pay income tax in advance if their net tax liability during the financial year is expected to be 10, 000 rupees or likely to exceed 10, 000 rupees per year. Paying it in advance i.e. before the actual liability arises, is called advance tax. Which means, every taxpayer is required to pay tax in advance instead of paying it at the time of filing … [Read more...] about Advance Tax Payment Due dates and Interest provisions for non payment