Advance tax payable
₹0
| Due date | Cumulative | Pay by then | This instalment |
|---|
How advance tax works
If your tax for the year, after TDS/TCS, is ₹10,000 or more, you must pay it in advance across four instalments: 15% by 15 Jun, 45% by 15 Sep, 75% by 15 Dec and 100% by 15 Mar. These percentages are cumulative. Missing an instalment attracts interest under Sections 234B/234C at 1% per month. Taxpayers under presumptive income (44AD/44ADA) pay 100% in a single instalment by 15 March.
FAQs
Anyone whose tax after TDS/TCS is ₹10,000 or more. Resident senior citizens with no business income are exempt.
15% by 15 Jun, 45% by 15 Sep, 75% by 15 Dec, 100% by 15 Mar (cumulative).
Interest under Sections 234B/234C at 1% per month on the shortfall. Pay on time to avoid it.