Advance Tax
- It is the income tax paid in advance for the income earned in a particular financial year.
- Usually, the tax is to be paid when the income is earned.
- As per section 208 of the Income Tax Act 1961, every person whose estimated tax liability for the year is more than or equal to Rs.10,000 is liable to pay advance ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Threatened Freshwater Species of Western Ghats
- 2 Shikari Devi Wildlife Sanctuary's Designated as Eco-Sensitive Zones
- 3 Indore and Udaipur Achieve Wetland City Accreditation
- 4 Industrial Clusters
- 5 Quadrantid Meteor Shower Peaked in January
- 6 New Glenn Rocket Successfully Reaches Orbit
- 7 Vikas Engine Restart for Reusability
- 8 Stargate
- 9 Armenia to Begin European Union Membership Bid
- 10 India-France Foreign Office Consultations
News Snippets
- 1 Central Public Health and Environmental Engineering Organisation (CPHEEO)
- 2 Article 174
- 3 National Sports Development Fund
- 4 SCALE App
- 5 Swachhta Saarthi Samaroh
- 6 UN Women
- 7 Eklavya Model Residential Schools (EMRS)
- 8 Operation Megha Chakra
- 9 Kangaroo Mother Care
- 10 Child Welfare Committees
- 11 National Service Scheme (NSS)
- 12 Harijan Sevak Sangh
- 13 Cognitive Dissonance
- 14 National Education Society for Tribal Students (NESTS)
- 15 Sign Learn App
- 16 Khneng Embroidery Art
- 17 Rosh Hashanah
- 18 Surjapuri and Bajjika Dialects
- 19 Mamangam Trade Festival of Kerala
- 20 Hyderabad State Liberation Day
- 21 Puli Thevar
- 22 Kalachuri Dynasty
- 23 Goldilock Scenario
- 24 World’s First CNG Terminal
- 25 Fund of Funds for Startups
- 26 Coconut Development Board
- 27 Board of Trade (BOT)
- 28 AVGAS 100LL
- 29 NavIC (Navigation with Indian Constellation)
- 30 NASA’s Sonification Project
- 31 Einstein Ring
- 32 Global Registry of Fossil Fuels
- 33 Alliance for Industry Decarbonization
- 34 Sustainable Aviation Fuel
- 35 Mondiacult 2022
- 36 UK India Business Council (UKIBC)
- 37 Conference on Interaction and Confidence-Building Measures in Asia (CICA)
