If your total tax liability for the year, after TDS, is ₹10,000 or more, you must pay it in instalments during the year as advance tax rather than in one go at the time of filing.
Resident senior citizens (60 years or more) who have no income from business or profession are exempt. Taxpayers under presumptive taxation (Sections 44AD and 44ADA) may pay the entire amount by 15 March.
Key points
- 15 June: 15% of the estimated tax
- 15 September: 45% (cumulative)
- 15 December: 75% (cumulative)
- 15 March: 100%
- Shortfalls attract interest under Sections 234B and 234C
General information only, not professional advice. Section references are to the Income-tax Act, 1961; corresponding provisions of the Income-tax Act, 2025 apply from 1 April 2026. Thresholds and dates may change by notification.
CA Rahul Rajendra MohiteACA, M.Com · ICAI Membership No. 622387 · Founder, Rahul R. Mohite & Co., PuneFirm profile and key facts