Advance Tax is the system of paying tax in installments during the financial year, instead of waiting until the year-end. It applies to individuals, professionals, freelancers, and businesses with tax liability exceeding ₹10,000 in a year. Paying in advance avoids last-minute burden, interest charges, and keeps you compliant with the law. Advance tax is especially critical for traders, consultants, and business owners with variable incomes.
Legally, advance tax is governed by Sections 207 to 211 of the Income Tax Act, 1961. Payments must be made on quarterly due dates: 15th June (15%), 15th September (45%), 15th December (75%), and 15th March (100%). Non-payment or underpayment attracts interest under Sections 234B & 234C. Thus, accurate estimation and timely payment ensure both compliance and cash flow management.
🔹 Why You Shouldn’t Delay
- Missed deadlines attract interest and penalty under the Act.
- Businesses face cash flow stress if all tax is paid at year-end.
- Refunds may get delayed if excess TDS/advance tax isn’t adjusted.
- Traders and consultants risk scrutiny notices for non-compliance.
🔹 How We Help You
- Estimate advance tax liability accurately based on your income streams.
- Quarterly reminders so you never miss a due date.
- Assistance in online challan payment through IT portal.
- Reconciliation with TDS and other taxes to avoid excess payment.
- Advisory on cash flow planning so tax payments don’t disrupt business.
🔹 What You Should Do Next
- ✅ Step 1: Share your income and investment details with us.
- ✅ Step 2: We calculate your advance tax due for each quarter.
- ✅ Step 3: Pay securely online and stay worry-free from penalties.
👉 Avoid penalties and stay compliant with advance tax planning.
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