As per Section 2(1) of the Income Tax Act, 1961, unless the context otherwise requires, the term “Advance Tax” has the following Meaning/ Definition:
Section 2(1) of the Income Tax Act, 1961
“Advance tax” means the advance tax payable in accordance with the provisions of Chapter XVII-C.
In this regard, it is important to note that Chapter XVII of the Income Tax Act of 1961, titled “Collection and Recovery of Tax,” contains provisions pertaining to the advance payment of tax. These provisions can be found in Part-C, which is labelled “Advance Tax” and contains the following sections:
| Sections | Subject Matter |
| 207 | Liability for payment of advance tax |
| 208 | Conditions of liability to pay advance tax |
| 209 | Computation of advance tax |
| 210 | Payment of advance tax by the assessee of his own accord or in pursuance of order of Assessing Officer |
| 211 | Instalments of advance tax and due dates |
| 214 | Interest payable by Government |
| 215 | Interest payable by assessee |
| 216 | Interest payable by assessee in case of under-estimate, etc. |
| 217 | Interest payable by assessee when no estimate made |
| 218 | When assessee deemed to be in default |
| 219 | Credit for advance tax |