Income Tax Act, 2025
Section 4: Ins. by s. 82, ibid. (w.e.f. 12012).
4. Ins. by s. 82, ibid. (w.e.f. 12012).
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(b) is of the age of sixty years or more at any time during the previous year.]
208. Conditions of liability to pay advance tax.—Advance tax shall be payable during a financial
year in every case where the amount of such tax payable by the assessee during that year, as computed in
accordance with the provisions of this Chapter, is ten thousand rupees or more.]
209.Computation of advance tax.—1[(1) The amount of advance tax payable by an assessee in the
financial year shall, subject to the provisions of sub-sections (2) and (3), be computed as follows,
namely:—
(a) where the calculation is made by the assessee for the purposes of payment of advance tax
under sub-section (1) or sub-section (2) or sub-section (5) or sub-section (6) of section 210, he shall
first estimate his current income and income-tax thereon shall be calculated at the rates in force in the
financial year;
(b) where the calculation is made by the Assessing Officer for the purpose of making an order
under sub-section (3) of section 210, the total income of the latest previous year in respect of which
the assessee has been assessed by way of regular assessment or the total income returned by the
assessee in any return of income furnished by him for any subsequent previous year, whichever is
higher, shall be taken and income-tax thereon shall be calculated at the rates in force in the financial
year;
(c) where the calculation is made by the Assessing Officer for the purpose of making an
amended order under sub-section (4) of section 210, the total income declared in the return furnished
by the assessee for the later previous year, or, as the case may be, the total income in respect of which
the regular assessment, referred to in that sub-section has been made, shall be taken and income-tax
thereon shall be calculated at the rates in force in the financial year;
(d) the income-tax calculated under clause (a) or clause (b) or clause (c) shall, in each case, be
reduced by the amount of income-tax which would be 2[deductible or collectible at source] during the
said financial year under any provision of this Act from any income (as computed before allowing
any deductions admissible under this Act) which has been taken into account in computing the
current income or, as the case may be, the total income aforesaid; and the amount of income-tax as so
reduced shall be the advance tax payable:]
3[Provided that for computing liability for advance tax, income-tax calculated under clause (a) or
clause (b) or clause (c) shall not, in each case, be reduced by the aforesaid amount of income-tax
which would be deductible or collectible at source during the said financial year under any provision
of this Act from any income, if the person responsible for deducting tax has paid or credited such
income without deduction of tax or it has been received or debited by the person responsible for
collecting tax without collection of such tax.]
is of the age of sixty years or more at any time during the previous year.]
208. Conditions of liability to pay advance tax.—Advance tax shall be payable during a financial
year in every case where the amount of such tax payable by the assessee during that year, as computed in
accordance with the provisions of this Chapter, is ten thousand rupees or more.]
209.Computation of advance tax.—1[
The amount of advance tax payable by an assessee in the
financial year shall, subject to the provisions of sub-sections
and
where the calculation is made by the assessee for the purposes of payment of advance tax
under sub-section
or sub-section
or sub-section
or sub-section
of section 210, he shall
first estimate his current income and income-tax thereon shall be calculated at the rates in force in the
financial year;
where the calculation is made by the Assessing Officer for the purpose of making an order
under sub-section
of section 210, the total income of the latest previous year in respect of which
the assessee has been assessed by way of regular assessment or the total income returned by the
assessee in any return of income furnished by him for any subsequent previous year, whichever is
higher, shall be taken and income-tax thereon shall be calculated at the rates in force in the financial
year;
where the calculation is made by the Assessing Officer for the purpose of making an
amended order under sub-section
of section 210, the total income declared in the return furnished
by the assessee for the later previous year, or, as the case may be, the total income in respect of which
the regular assessment, referred to in that sub-section has been made, shall be taken and income-tax
thereon shall be calculated at the rates in force in the financial year;
the income-tax calculated under clause
or clause
or clause
shall, in each case, be
reduced by the amount of income-tax which would be 2[deductible or collectible at source] during the
said financial year under any provision of this Act from any income (as computed before allowing
any deductions admissible under this Act) which has been taken into account in computing the
current income or, as the case may be, the total income aforesaid; and the amount of income-tax as so
reduced shall be the advance tax payable:]
3[Provided that for computing liability for advance tax, income-tax calculated under clause
or
clause
or clause
shall not, in each case, be reduced by the aforesaid amount of income-tax
which would be deductible or collectible at source during the said financial year under any provision
of this Act from any income, if the person responsible for deducting tax has paid or credited such
income without deduction of tax or it has been received or debited by the person responsible for
collecting tax without collection of such tax.]