Advance tax payment is required when your estimated tax liability for the year exceeds the prescribed limit after reducing TDS and TCS. Instead of waiting until return filing, taxpayers are expected to pay income tax during the year as income is earned. This is why advance tax is often called the “pay-as-you-earn” system. For FY 2026-27, advance tax becomes especially important because the Income Tax Act, 2025 applies from 1 April 2026, and the e-filing portal has also introd
