Advance Tax: What You Need To Know In 2023

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Advance Tax: What You Need To Know In 2023. Are you looking for information about advance tax ? You have come to the right website. Because on this website we will review about advance tax. Hopefully the information we provide is useful for those of you who are looking for information about advance tax.

Let’s look at the article below which will briefly discuss advance tax.

Introduction

Advance tax is a tax paid by taxpayers on their income before the end of the financial year. It is also known as “pay as you earn” tax. The concept of advance tax was introduced to ensure regular cash flow for the government and prevent taxpayers from delaying their tax payments.