Step-8 Enter amount of tax , surcharge, cess, etc. (if any) Step-9 On click on continue, taxpayer will have a new screen with various option to make payment, like net banking, debit card, Pay at bank counter, RTGS/NEF and payment gateway. Step-10 Select appropriate mode of payment and click on continue. Advance tax , popularly known as 'pay-as-you-earn', is the practice of making periodic payments toward an estimated income tax liability. It tends to help individual taxpayers, including freelancers and salaried employees, and businesses to deal with their respective tax liability in a more effective manner. This system is mandatory for taxpayers whose estimated tax liability is equal to or exceeds INR 10,000 during the financial year.This article will walk you through the basics of advance tax , Advance tax is the income- tax amount a taxpayer pays in advance for a particular financial year. Check Advance tax payment due date AY 2025-26 Advance Tax Payment is a system of paying income tax in installments. Checkout the Due Dates, Applicability,, Procedure, Installment Details.
