Advance tax by due date (% cumulative)
Advance tax is 'pay as you earn'. If your total tax for the year (after TDS) is likely to exceed ā¹10,000, you must pay it in instalments rather than at year-end:
- By 15 June ā 15% of the estimated tax.
- By 15 September ā 45% (cumulative).
- By 15 December ā 75% (cumulative).
- By 15 March ā 100%.
Shortfalls attract interest under sections 234B and 234C. Presumptive taxpayers can pay the full amount in a single instalment by 15 March.
This is general information, not professional advice ā confirm the current position for your specific case before acting.
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