Advance Tax Due Dates FY 2025-26 (AY 2026-27)
| Quarter | Due Date | Cumulative % | Tax Payable | Status |
|---|
| Q1 (Apr-Jun) | June 15, 2025 | 15% | 15% of total tax | Completed |
| Q2 (Jul-Sep) | September 15, 2025 | 45% | 30% of total tax | Completed |
| Q3 (Oct-Dec) | December 15, 2025 | 75% | 30% of total tax | Completed |
| Q4 (Jan-Mar) | March 15, 2026 | 100% | 25% of total tax | Completed |
Who Needs to Pay Advance Tax?
- Any person whose estimated tax liability exceeds Rs. 10,000 in a financial year
- Salaried individuals with significant income beyond salary (capital gains, freelancing, rental income, FD interest)
- Self-employed professionals and business owners
- Senior citizens (60+) without business income are exempt from advance tax
Penalty for Late/Non-Payment
- Section 234B: Interest at 1% per month on tax due if advance tax paid is less than 90% of assessed tax
- Section 234C: Interest at 1% per month for deferment of individual installments
- Interest is calculated on a simple interest basis
How to Calculate Advance Tax
- Estimate your total income for the year from all sources
- Calculate tax liability using applicable slab rates
- Subtract TDS already deducted by employer/banks
- If remaining tax > Rs. 10,000, pay advance tax in quarterly installments
How to Pay Advance Tax Online
- Visit eportal.incometax.gov.in > e-Pay Tax
- Enter PAN, select Assessment Year, and choose "Advance Tax (100)"
- Enter the amount and pay via net banking, debit card, or UPI
- Save the challan receipt for your records
Important Tax Dates Calendar
| Date | Event |
|---|
| June 15 | 1st installment advance tax |
| July 31 | ITR filing deadline (individuals) |
| September 15 | 2nd installment advance tax |
| October 31 | ITR deadline (audit cases) |
| December 15 | 3rd installment advance tax |
| December 31 | Belated/Revised ITR deadline |
| March 15 | 4th installment advance tax |
| March 31 | Financial year ends, last date for tax-saving investments |
Calculate Your Tax
Use our Income Tax Calculator to estimate your total tax liability and determine if you need to pay advance tax.