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Advance tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 February 2014
please tell me...

If tax payable is lessthan 10000, whether assessee has to pay advance tax?


thanks .
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Nischit Sanghavi

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Nischit Sanghavi (Expert)
08 February 2014 Assessee is liable to pay advance tax when Tax payable is greater than Rs.10000/-. i.e. for A.Y.2014-15 if income of Individual is More than Rs.300000/-, then he is liable to pay.

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