What is advance tax ? What is eCampaign. The Income Tax Department is conducting an e-campaign to inform individuals and entities about significant financial transactions identified for the Financial Year 2023-24. If your tax payments do not align with your financial activities during this period, you may receive an email and SMS prompting you to review and correctly compute your advance tax liability for Assessment Year 2024-25. This initiative aims to promote voluntary tax compliance and enhance taxpayer services. Learn more about accessing your Annual Information Statement (AIS) and significant transactions through the Compliance Portal on the e-filing website. If you're not registered, follow the simple steps provided to register and access the necessary information. Stay informed and compliant with the latest updates from the Income Tax.
Advance tax is essentially the payment of income tax in portions throughout the financial year, rather than a single lump sum at the end. It's based on the principle of paying taxes as you earn your income. The Income Tax Department mandates these payments to be made according to specified installments and deadlines
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