Estimated Income

Tax Glossary Definition

Estimated Income

Estimated income is the projected or anticipated income of a taxpayer for a financial year, used to calculate advance tax liability. It helps taxpayers plan and pay taxes in installments rather than a lump sum at year-end.

Example: A business expects a profit of ₹10 lakh for FY 2024–25. Based on this estimated income, it calculates and pays advance tax in the prescribed installments.

India's Most Trusted
Pro Tax Filer

Discover why we're one of India's most trusted Pro Tax Filers, built on a foundation of accuracy and reliability.

  • We ensure maximum tax benefits.

  • Taxes? Handled by our CAs and experts.

  • Reliable, year-round tax support at no cost.

  • Satisfaction or your money back came twice.

Start Filing

Scan the QR code to Download the app

Mobile App Available on:

DOWNLOAD For IPHONE

TaxFilr App

DOWNLOAD For Android

TaxFilr App

Have Questions? Let’s Talk!

Chat With Us

Scan to chat

Scan QR Code

OR
Start Chat
Mobile Apps Available On
This feature is available on our mobile app. Get the app now to access this feature!

DOWNLOAD For IPHONE

TaxFilr App

DOWNLOAD For Android

TaxFilr App