People, who have any of the aforementioned additional sources of income, need to compulsorily file for advanced taxes. The one thing that washes a sense of relief over people regarding these taxes is the fact that these can be paid in installments. Advanced tax can be paid in 3 installments. First installment to be paid by the salaried person amounts to 30 percent of the total advanced taxes to be paid. The 1st installment, however, needs to be paid by September 15 of a fiscal year. Second installment to be paid by the salaried person amounts to 60 percent of the total advanced taxes to be paid. It has to be paid by December 15 of the financial year. The final installment which is 10 percent should be promptly paid on or before March 15 of a financial year.

Another good thing about this tax is that one need not file for it if the total earnings from additional sources of income are less than 10,000 per annum. If the income exceeds this amount then the person has to pay advance tax for that income.

Another thing to be highlighted in advanced tax is how an employee can ask his/her employer to file for the additional taxes on his/her behalf. This is an option worth resorting to as this saves employees from all the hassles of filing for advanced taxes on their own. The IT Act provides for an employee to prepare a statement or chart containing the details of his/her additional sources of income and file the same to his/her employer. The employee can then request the employer to file for advanced taxes on his/her behalf so that these taxes get deducted at source. The employer does not have the right to enquire the employee about the additional source (s) of income and cannot compel him/her to do so. It depends entirely upon the employee if he/she wants to let his/ her boss know about the additional source (s) of income.