§ 404
Chapter XIX — Collection And Recovery Of Tax
Conditions of liability to pay advance tax
Income-tax Act, 2025
Advance tax must be paid during the financial year if the total tax liability for that year, as calculated under the Act, is ₹10,000 or more.
📜 Official text of the section +
404. Advance tax shall be payable by the assessee during a financial year, where
the amount of such tax payable during that year, as computed under this Part,
is ` 10000 or more.
Computation of advance tax.
Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.