Who has to pay advance tax and when are the instalments due?
Who has to pay advance tax and when are the instalments due?
1 Answer
Aicountly Income Tax Desk
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Advance tax applies if your estimated tax liability for the year, after TDS, is Rs 10,000 or more. Salaried individuals with no other income usually need not pay it, and resident senior citizens without business income are exempt.
The usual due dates are 15 June (15%), 15 September (45%), 15 December (75%) and 15 March (100%) of the cumulative tax. Taxpayers under presumptive taxation (section 44AD or 44ADA) can pay the whole amount in one instalment by 15 March. Interest under sections 234B and 234C applies on shortfalls. Confirm your own position with your CA.
Aicountly Income Tax Desk · Oct 24, 2026
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