Advance Tax Due Dates explained: this guide covers what it means, who it applies to, the step-by-step process, documents required, fees, due dates and penalties in India — so you can stay compliant with confidence and avoid costly mistakes.
Advance tax is paid in instalments during the year if your tax liability is ₹10,000 or more. Here are the due dates and how to calculate it.
Due dates
- 15 June — 15% of the tax
- 15 September — 45% (cumulative)
- 15 December — 75% (cumulative)
- 15 March — 100% (cumulative)
How to calculate
- Estimate total income and tax for the year
- Deduct TDS/TCS already deducted
- Pay the balance in the above instalments
Interest
Shortfall or deferment attracts interest under Sections 234B and 234C.
Frequently Asked Questions
What are the advance tax due dates?
15 June (15%), 15 September (45%), 15 December (75%) and 15 March (100%).
Who must pay advance tax?
Anyone with a tax liability of ₹10,000 or more in the year.
How is advance tax calculated?
Estimate annual tax, deduct TDS, and pay the balance in instalments.
What if I miss advance tax?
Interest under Sections 234B and 234C applies.
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