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Source: Live Mint Imagine realizing in March that you owe additional taxes—plus interest—because you missed your advance tax payments. For many salaried individuals earning extra income from fixed deposits, stocks, or rental properties, this is a costly oversight. Read this | Four of every five people who will file returns for FY26 likely to pay…
Source: Live Mint The term “advance tax” describes the portion of income tax that must be paid in instalments by the deadlines rather than all at once. Both individuals and businesses must pay income tax in advance in recurring instalments rather than in one lump sum. If taxpayers’ income tax liability exceeds ₹10,000, they must…
Source: Live Mint Advance tax payment: The deadline to make your advance tax payment is fast approaching — in only three days, on December 15. So, what happens if you fail to pay tax by deadline? You could be liable for penalties and interest for delay. Thus, we bring you all you need to know…
