Income Tax Act 2025: Section 404 for Tax Year 2025-26

Advance tax is payable if the assessee’s tax liability for the year 2025-26 is ₹10,000 or more, as per Section 404 of the Income Tax Act 2025.

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Conditions of liability to pay advance tax

[As per the Income Tax Act, 2025 (this Act) w.e.f. 1st April, 2026.]

Advance tax shall be payable by the assessee during a tax year, where the amount of such tax during that year, as computed under this Part, is ten thousand rupees or more.

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