Advance Tax calculation

A person must pay their tax in advance in the form of "advance tax" in accordance with Section 208 if their expected tax due for the year is Rs. 10,000 or more. You can learn more about the many provisions relating to a taxpayer's payment of advance tax in this section. Person exempt from paying advance tax.
It is regarded as advantageous for the government since it enables a consistent and easy flow of income all throughout the year. If the estimated income of a taxpayer changes as the installment is paid out, the payable advance tax amount might be changed to reflect this.