ADVANCE TAX PAYMENT CHECKLIST
For FY 2025-26 (AY 2026-27) · Payable when total tax liability exceeds Rs. 10,000 in a year
Estimate the Liability
- ☐ Project total income from all heads for the full year
- ☐ Choose the applicable regime (old vs new) before computing
- ☐ Add expected capital gains, dividend and interest income
- ☐ Reduce eligible TDS/TCS and rebate under Section 87A
- ☐ Confirm whether senior citizens without business income are exempt
Instalment Schedule
- ☐ 15% of tax by 15 June 2025
- ☐ 45% (cumulative) by 15 September 2025
- ☐ 75% (cumulative) by 15 December 2025
- ☐ 100% by 15 March 2026
- ☐ Presumptive (44AD/44ADA) – pay 100% by 15 March in one instalment
Payment & Records
- ☐ Pay through Challan 280 (minor head 100 – advance tax)
- ☐ Quote correct PAN, assessment year and head of tax
- ☐ Save the challan CIN / BSR code for each instalment
- ☐ Verify credits appear in Form 26AS after a few days
Review
- ☐ Recompute at each instalment for revised income estimates
- ☐ Check exposure to interest under Section 234B and 234C for shortfall
Interest under Section 234C applies to shortfall in any instalment and 234B applies if less than 90% of assessed tax is paid by 31 March; pay any balance as self-assessment tax before filing.