If you are planning to sell a property, understanding the rules around Capital Gains Tax and Advance Tax is crucial. The ...

Advance tax is applicable when the total tax liability for a financial year exceeds Rs 10,000. It is computed based on the estimated income for the year and paid in instalments as per the due dates.

Also read: How much it costs to pursue a career in sports in India Taxpayers should calculate the net advance tax payable on all types of income after deducting TDS, TCS and other eligible tax ...