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Who is liable to Pay Advance Tax

  • All persons in whose case advance tax payable during a financial year is Rs.5,000 or more are required to pay advance tax.

  • Persons if they get order u/s 210 (3)

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{ 2 comments… read them below or add one }

rajiv

am i liable to pay income tax. my salary income is 125000 pm

Pankaj Singla (Adv.)

yes, If after deducting TDS the balance amount is above Rs.5000. Income Tax department will not leave his amount in any case but under rules and regulation.

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