Advance tax due dates and who must pay
Advance tax in India is paid in instalments during the year: 15 June, 15 September, 15 December and 15 March, as a share of your estimated tax. It applies if your tax liability for the year is ₹10,000 or more after TDS. Presumptive-tax taxpayers can pay it in one instalment by 15 March.
Instalment schedule
By 15 June: 15% of the year’s tax. By 15 September: 45% cumulative. By 15 December: 75% cumulative. By 15 March: 100%. Taxpayers under presumptive taxation under 44AD/44ADA can pay the full amount by 15 March.
Who must pay?
Anyone whose estimated tax liability, after TDS, is ₹10,000 or more for the year. Senior citizens without business income are exempt.
What if I miss it?
Interest under Sections 234B and 234C applies on shortfalls. Paying correctly in instalments avoids it.
Frequently asked questions
How do I pay advance tax?
Online through the income-tax portal or a bank using challan 280. FINOVAQ prepares the challan pack with the amount.
Can FINOVAQ calculate how much to pay?
Yes. It estimates your tax from your books and shows the amount for each instalment.