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#incometaxreturn #section234b #taxpayment Advance tax can be defined as those taxes in the income tax paid in advance for the income earned in a particular financial year. Generally, the taxes are to be paid when the income is made. However, as per the tax provisions of advance tax, the taxpayers have to estimate the income for the respective financial year. For Taxpayers whose gross taxes in a financial year are raised to be INR 10,000 or higher than INR 10,000, Advance Tax comes into action, making the taxpayer eligible to pay them following the due dates. Watch this video to learn more about Interest Imposed by the IT Department – Section 234B. Want to know more about #Enterslice Share, Support, Subscribe!!! to our YouTube channel: http://bit.do/fqM2B Facebook: / enterslice Twitter: / enterslice LinkedIn: / enterslice Instagram: / enterslice_official