Tag Archives: Section 211

How to compute and pay advance tax ?

 Advance tax Income liable for advance tax Advance tax is payable under section 211 of Income tax Act.All income (including capital gains, winnings from lotteries, crossword puzzles, etc.). are taken into account to compute Advance Tax Liability. Who is not required to Pay Advance Tax ? Resident individuals who are over 60 years of age… Read More »