Section 404
Section 404: the ₹10,000 threshold for advance tax liability
Section 404 fixes the trigger point for advance tax - it is payable only where the computed amount for the financial year reaches a minimum threshold, so small tax liabilities don't require instalment payments.
This explanation is AI-assisted and pending review by our CA/CS team. It is general information, not professional advice - always cross-check against the bare law text above or talk to our tax team for guidance specific to your situation.
What Section 404 says
"Advance tax shall be payable by the assessee during a financial year, where the amount of such tax payable during that year, as computed under this Part, is ₹10,000 or more."
Frequently asked questions
What is the minimum advance tax amount that triggers the obligation to pay it?
₹10,000 or more, as computed under this Part (Part B of Chapter XIX) for the financial year, under Section 404.
Related sections
Want this applied to your actual filing, not just explained?
Check whether you are liable to pay advance taxLast updated 9 September 2026