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.