Advance Tax Payments System

Advance tax is income tax paid ahead of time for the income earned within a financial year. Typically, this tax is paid as income is earned.

According to the provisions of the Income Tax Act regarding advance tax, taxpayers must estimate their income for the entire year and pay tax in installments at specific intervals. To pay advance tax, taxpayers can use tax payment challans at authorised bank branches approved by the Income Tax Department. Payments can be made at any of these authorised banks. Alternatively, taxpayers can make advance tax payments through the Income Tax Department's online tax payment portal or the National Securities Depository.

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