Residual tax
Residual tax is the tax owed by a taxpayer after advance tax and other tax payments are deducted from total taxable income. If the advance tax is not sufficient, the residual tax must be paid to the tax authorities.
Residual tax is the tax owed by a taxpayer after advance tax and other tax payments are deducted from total taxable income. If the advance tax is not sufficient, the residual tax must be paid to the tax authorities.