Computation of advance tax.

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..... as under-- A = B-C where,-- A = the amount of advance tax payable in a tax year; B = income-tax on the specified sum calculated at the rates in force in the tax year, where "specified sum" shall have the meaning assigned to it in section 406 or 407; C = amount of income-tax which would be deductible or collectible at source during the said tax year under any provision of this Act from a .....

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..... e-tax on the specified sum as mentioned in sub-sections (3) and (6) of the said section; or (b) in any other situation, the net agricultural income as estimated by the assessee for the tax year. - Clause 405 of the Bill seeks to provides for the provisions relating to the method for computation of advance tax payable in a tax year.
Statute, statutory provisions legislation, law, enactment, .....

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