Advance Tax, also known as the “Pay As You Earn Tax”, is the income tax paid in advance during the financial year based on estimated income. It applies to individuals, businesses, and professionals with significant tax liability.
Comprehensive support for all your advance tax needs
Our streamlined 4-step process ensures accuracy and compliance
Evaluate your current and projected income from all sources
Compute advance tax liability as per applicable slabs
Guide you through secure online payment process
Keep track of installments and provide ongoing updates
Any individual, freelancer, or business with tax liability above ₹10,000 after TDS is required to pay advance tax.
It's based on your estimated annual income minus deductions and TDS, calculated at applicable slab rates. Our experts handle this calculation for you.
Yes, if they earn additional income like rent, capital gains, or business income beyond their salary.
You'll have to pay interest under Sections 234B & 234C and might face compliance issues. It's better to pay on time to avoid penalties.
Yes, but it's recommended to pay as per the prescribed installments to avoid penalties and better manage cash flow.