Advance Tax Instalments
Due: 15 June (15%), 15 September (45%), 15 December (75%), 15 March (100%).
Due date
15 June (15%), 15 September (45%), 15 December (75%), 15 March (100%).
Due dates are frequently extended by notification or circular. Verify on the official portal before relying on them. Section references are to the Income-tax Act, 1961 (up to FY 2025-26); the Income-tax Act, 2025 re-numbers provisions from tax year 2026-27.
What is it?
Advance tax is income tax paid during the year based on estimated income, to avoid interest under sections 234B and 234C.
Who must comply
Taxpayers with tax liability above ₹10,000 after TDS (presumptive taxpayers pay once by 15 March).
Penalty / consequence of delay
Interest at 1% per month for shortfall or delay.
How to comply
- Estimate total income and tax
- Subtract TDS/TCS
- Pay via challan 280 (online)
- Keep challan details for ITR
Tips to stay compliant
- Add the due date to your calendar a week early and keep documents ready.
- Reconcile books with portal data before filing; fix differences first.
- Keep acknowledgements, challans and working papers for at least the statutory retention period.
- Watch for CBDT / CBIC / MCA notifications: extensions and relaxations are common, but never assume one.
Need help?
GstMan can handle this compliance for you with reminders and filing. Contact us or message on WhatsApp.
Frequently asked questions
Do salaried individuals need to pay advance tax?
Only if there is tax liability above ₹10,000 after TDS, for example from capital gains or other income.
Do senior citizens pay advance tax?
Resident senior citizens without business income are exempt from advance tax.