Advance Tax Due Date
Advance Tax is the income tax paid in advance instead of a lump sum payment at year-end. If your total tax liability in a financial year exceeds ₹10,000, you are required to pay it in instalments throughout the year. Missing advance tax due dates can attract interest and penalties under Sections 234B and 234C.
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Benefits of Paying Advance Tax Timely
Avoid Interest Penalties: Timely payments help you avoid interest under Sections 234B and 234C.
Improved Tax Planning: Helps distribute your tax liability across the year.
Cash Flow Management: Prevents year-end financial stress from lump sum tax payments.
Compliance Peace of Mind: Stay aligned with Income Tax Department expectations.
Eligibility for Refunds: Excess advance tax can be refunded, subject to proper filing.
Applicability
Advance tax is applicable for:
Salaried individuals with other income (rent, interest, capital gains, etc.)
Freelancers, consultants, and professionals
Business owners and partnership firms
Companies and LLPs with tax liability above ₹10,000
Senior citizens (other than those with business income are exempt)
Due Dates for Advance Tax (AY 2025–26)
| Due Date | Advance Tax Payable |
|---|---|
| 15th June | 15% of total tax |
| 15th September | 45% of total tax (cumulative) |
| 15th December | 75% of total tax (cumulative) |
| 15th March | 100% of total tax |
Process
Estimate Total Income
Analyze projected income for the year, including salary, business, capital gains, etc.Compute Tax Liability
Apply the applicable tax slab and deductions to calculate your annual tax.Divide Installments
Split the tax liability as per the due date schedule.Online Tax Payment
Assist with challan generation and online tax payment on the Income Tax Portal.Acknowledgment & Record Keeping
Provide proof of payment and update Form 26AS for tracking.
Documents Required
PAN card
Projected profit & loss statement or income summary
TDS certificates or Form 26AS
Past ITR and advance tax payments (if applicable)
Investment declaration and deduction proofs
What You’ll Get
Accurate advance tax calculation
Timely reminders for upcoming due dates
Challan preparation and online payment assistance
Year-round tax planning and savings advice
Compliance with all Income Tax deadlines
Frequently Asked Questions
Interest under Section 234C is charged for delayed payments, and 234B if 90% of total tax is unpaid by year-end.
Yes, if they have significant income from other sources like rent, capital gains, or interest.
Yes, but you must ensure it is paid as per the cumulative percentage deadlines to avoid penalties.
Advance tax can be paid online using Challan 280 via the Income Tax e-payment portal. We assist you with this process.
Yes, we offer email and WhatsApp reminders to help you stay compliant.
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