The payment advance tax in time is good for the individuals. If you are paying tax regularly, you don’t have to be in trouble to manage the cash flows. Moreover, if you don’t pay, the government may impose the penalty to you. Hope, you are able to understand the advance tax from the above article If you have any query, please do comment below.<\/p>\n

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As the name suggests the advance tax means the income tax which is to be paid in advance. If you have income tax liability of Rs 10000 or more in a financial year, you have to pay advance tax before the stipulated dates as set by the income tax department. Those who are liable to pay the advance tax cannot wait to pay the entire tax at the end of the financial year. The reason behind the collection of income tax from the starting of the year is to have the steady cash flow of the Government.   Due Dates <\/p>\n","protected":false},"author":1,"featured_media":1031,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,3],"tags":[],"class_list":["post-1029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bank","category-income-tax","has_thumb"],"yoast_head":"\n