Income tax returns filing: When are taxes on income to be paid?
Updated: September 6, 2018 03:16 PM IST
Income tax returns filing: A taxpayer can finalise taxes on income only on the completion of the previous fiscal However, to enable a regular flow of funds and for easing the process of collection of taxes, Income-tax Act has provisions for payment of taxes in advance during the year of earning itself or before completion of previous year. It is also known as Pay as your earn concept.
