Do I need to pay advance tax if I opt for presumptive taxation under 44AD?
Freelancer / small business
1 Answer
Aicountly Income Tax Desk
Compliance
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Yes, but with a simpler schedule. A taxpayer who opts for presumptive taxation under Section 44AD can pay the whole advance tax in a single instalment by 15 March of the financial year, instead of the four quarterly instalments. Tax paid on or before 31 March is also treated as paid by 15 March.
Advance tax is needed only if the tax payable for the year, after TDS, is ₹10,000 or more. Below that, you simply pay any balance as self-assessment tax when you file the return. It is worth confirming your exact liability with your CA.
Aicountly Income Tax Desk · Aug 6, 2026
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