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[Cites 0, Cited by 0] [Section 425] [Entire Act]

Union of India - Subsection

Section 425(2) in The Income Tax Act, 2025

(2)The assessee shall not be liable to pay any interest under sub-section (1), if the advance tax paid by the assessee on the current income,––
(a)on or before the 15th day of June is 12% or more of the tax due on the returned income;
(b)on or before the 15th day of September is 36% or more of the tax due on the returned income.