What is Advance Tax? Deduction Process, Liability and Penalties Explained

Pranab Banerjeepro badge , Last updated: 06 October 2025  
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Introduction 1. Understanding Advance Tax Advance Tax, often called "Pay As You Earn", is a way to pay your income tax in parts instead of a lump sum. Therefore, you don't need to wait until the end of the financial year to clear your tax bill. In other words, it's like paying your tuition fees in

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Published by

Pranab Banerjee
(Software Maker & Income Tax Practisioner)
Category Income Tax   Report

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