Advance Tax – Section 2(4) | Income-tax Act, 2025 vs 1961

§ 2(4) · Income-tax Act, 2025

Advance tax

ITA 2025 · 2(4) ITA 1961 · 2(1)
Definition — Section 2(4)

Means the advance tax payable as per Chapter XIX-C of the Income-tax Act, 2025.

Act Comparison
Income-tax Act, 2025
2(4)
Advance tax
Income-tax Act, 1961
2(1)
Advance tax
Key Points
  • Carried forward from Section 2(1) of the 1961 Act — chapter reference updated from XVII-C to XIX-C
  • Payable in instalments during the tax year itself
  • Applicable to both individuals and corporates above threshold income
💡 Practical Note

Advance tax is the 'pay as you earn' mechanism — if your tax liability exceeds ₹10,000, you must pay advance tax in instalments.

Published by Simplified Tax India — Clear, section-wise comparison of Income-tax Acts. ← Back to Section 2 Definitions Table
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