Estimated Tax Payments 2024 Safe Harbor In India. The annualized income installment method and the prior year safe harbor method. As per the rule, if you pay at least 90% of your tax liability for the current year.

 — the safe harbor rule is a provision in the tax code that aims to simplify estimated tax payments for individuals and businesses.  — for taxpayers whose income jumps dramatically compared to the previous year, we’ll often calculate and make their estimated payments to reach safe harbor based on 110% of the previous year’s.