scorecardresearchWhat is Advance Tax? All you need to know

What is Advance Tax? All you need to know

Updated: 17 Aug 2022, 08:27 AM IST
TL;DR.
Advance tax is due from those who make money from sources other than salary. This includes stock dividends, fixed-term investment interest, rent, and rental income.
Advance tax is the amount of income tax that should be paid in instalments as per the income tax department's due dates rather than in one lump sum at the end of the fiscal year.

Advance tax is the amount of income tax that should be paid in instalments as per the income tax department's due dates rather than in one lump sum at the end of the fiscal year.