Around 500,000 taxpayers get I-T department alert for low advance tax

'Intimation' comes ahead of tax payment due date

The income tax (I-T) department issued intimations to an estimated 500,000 taxpayers between April and August this year over “zero” and “lower advance tax payment”. The department sent these intimations after analysing “significant transaction” data for the previous financial year and the first quarter of the current financial year.

The department’s analysis flagged around 2.5 million cases where there were no or less advance tax payments in FY23 by those taxpayers who had significant income and made high-value purchases. In several cases, the advance tax payment in the first quarter (April-June) of the current financial year indicated that taxpayers