what is advance tax

Advance tax  is tax payable if  your tax  liability  during in  the  F.Y. exceeds 10000/-  , then he liable to pay such tax in installments during the year itself rather than  paying  at the end  of  the year . This tax is called Advance tax ."pay as you earn " 

Advance tax is calculated by estimating the current year  Income 

4  Installment 

1)  15th june                   15%

2) 15 th  spt                     45%

3) 15th  Dec                    75%

4)  15  the Mar               100 %