If your net tax liability after the adjustment of TDS is more than Rs. 10,000 per year, then you are liable to pay income tax. You can pay your advance taxes in three instalments, which are on 15th September, 15th December and 15th March of the financial year. The amount paid will be in a ration of 30%, 30% and 40% respectively as per your net tax liability for the year. For instance, if your…
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