Installments Of Advance Tax And Due Dates

Guide to Advance Tax Payments in India

In India, advance tax is paid in installments throughout the financial year.

1. First Installment:

Due Date: On or before June 15th of the financial year.

Percentage of Tax Payable: 15% of the advance tax payable.

2. Second Installment:

Due Date: On or before September 15th of the financial year.

Percentage of Tax Payable: 45% of the advance tax payable, less the amount paid in the first installment.

3. Third Installment:

Due Date: On or before December 15th of the financial year.

Percentage of Tax Payable: 75% of the advance tax payable, less the amounts paid in the first and second installments.

4. Fourth Installment:

Due Date: On or before March 15th of the financial year.

Percentage of Tax Payable: 100% of the advance tax payable, less the amounts paid in the first three installments.