Advance tax due dates
- 15 June: at least 15% of your tax for the year
- 15 September: at least 45% (in total)
- 15 December: at least 75%
- 15 March: 100%
If you use presumptive taxation for a business or profession, you can pay the full amount by 15 March. Anything you still owe after 31 March is paid as self-assessment tax before filing, with interest.
Questions people ask
Who has to pay advance tax?
Anyone whose tax for the year, after TDS, is ₹10,000 or more: typically freelancers, business owners, and salaried people with large interest, rent or capital gains. Resident senior citizens without business income don’t have to.
What if I miss an instalment?
You pay simple interest of 1% a month on the shortfall: for three months on each of the first three instalments and one month on the March instalment. Missing the full amount by 31 March adds a further 1% a month until you pay.
How do I pay?
Online through the Income Tax e-filing portal (e-Pay Tax), choosing advance tax for the current tax year. Keep the challan details for your return.
Method and sources
Tax is worked out with our income tax calculator for tax year 2026-27 (all income at slab rates). Advance tax applies when tax after TDS is ₹10,000 or more; resident seniors without business income are exempt. Cumulative instalments of 15%, 45%, 75% and 100%, or 100% by 15 March under presumptive taxation. Interest on shortfall at 1% a month. How we calculate.
Last reviewed 22 Oct 2026 by the WealthFeedz team.