Computation of Advance Tax Liability and Payment - Section 209

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..... - Estimate the current income of the financial year for which the advance tax is payable. STEP I Compute tax on such estimated current income at the rate(s) of tax given under part III of the First Schedule of the relevant Finance Act. STEP II On the net tax, if any, computed at step II, add surcharge if applicable. STEP III Add Health & Education Cess to the amount computed under step IV. .....

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..... eductible or collectible shall not be reduced for computing advance tax liability of the assessee. Computation of Tax by Assessing Officer [section 209(1)(b) read with section 209(2)(a)] The Assessing Officer, for determining the advance tax payable by the assessee under section 210(3) & 210(4), shall take the current income of the assessee to be the higher of the following two: * The Total In .....

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