Advance tax is a systematic approach to pre-pay income tax before the conclusion of the financial year. It is applicable to individuals, including those deriving income from business or share trading, if their tax liability surpasses a specified threshold. Lets have a look at key aspects pertaining to the relevance of advance tax for individuals earning from business or share trading are as follows: Threshold for Advance Tax: Individuals are obligated to remit advance tax if their aggregate tax liability for the financial year amounts to Rs. 10,000 or more. The liability encompasses income from diverse sources, including salary, business, profession, capital gains, among others. Need help ? Write to experts: info@bizzguru.in Due Dates for Advance Tax Installments: Advance tax is disbursed in installments on designated due dates during the fiscal year. The scheduled due dates for advance tax payments typically fall in June, September, December, and March. Calculation of Advance Tax: Ta