Advance Tax Payment 2025#
What is Advance Tax?#
Advance tax is paying tax in installments during the year instead of lump sum at year-end.
Who Must Pay Advance Tax?#
- All taxpayers (salaried/self-employed/business)
- If tax liability exceeds ₹10,000
- Not required if tax already deducted at source
Advance Tax Due Dates (FY 2024-25)#
| Installment | Due Date | Amount Required |
|---|---|---|
| 1st | 15th June | 15% of tax |
| 2nd | 15th September | 45% of tax |
| 3rd | 15th December | 75% of tax |
| 4th | 15th March | 100% of tax |
How to Calculate#
Step 1: Estimate total income for year Step 2: Calculate tax on estimated income Step 3: Deduct TDS and existing credits Step 4: Balance is advance tax to pay
How to Pay Online#
- Login to income tax portal
- Go to e-Pay Tax
- Select Advance Tax
- Choose Assessment Year
- Enter details and pay
- Challan generated
Consequences of Non-Payment#
- Interest @ 1% per month on deficit
- Under Section 234B
- No penalty if advance tax paid but short