According to section 208 of the Income Tax Act, advance tax liability arises only if the estimated tax liability exceeds Rs10,000. Individuals must pay the Self Assessment Tax (SAT) on other sources of income.
Step-by-step guide to pay advance, self-assessment taxes
- Advertisement -
HOT NEWS
Saket Gokhale’s ‘entire ordeal’ tweet after meeting Mamata Banerjee in Meghalaya
Saket Gokhale's 'entire ordeal' tweet after meeting Mamata Banerjee in Meghalaya
Saket Gokhale was arrested twice last week over an alleged ‘fake news’ article he had tweeted about PM Modi. A TMC delegation met the chief election commissioner protesting the “harassment and torture” against the party leader.
