Question

(5) The advance tax is payable by the assessee if the amount during
the previous year -
(a) exceeds Rs. 10,000 (b) exceeds Rs. 1,500
(c) exceeds Rs. 2,500 (d) None​

Answer 1

Explanation:

According to the Income Tax Act, assessees are required to pay tax in advance in a previous year if their tax liability for the year is likely to be Rs 5,000 or more. Advance tax is payable on the total income of an assessee, which is chargeable to tax in the assessment year.

Answer 2

Answer:

I think 2500 ❤️

not confirm dud❣️