What are the important dates for advance tax payments?
Advance tax payment is the process of paying your estimated tax on income earned in a financial year, before the end of the year. It is paid in 4 installments.
The schedule for advance tax payment for individuals and corporate assessees is as follows:
Due Date | Advance Tax (% of estimated annual income tax) |
| On or before 15th June | 15% |
| On or before 15th September | 45% |
| On or before 15th December | 75% |
| On or before 15th March | 100% |
If you miss the payment due date, interest will be levied as per Sections 234B and 234C of the Income Tax Act
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