Advance Tax: Due Dates and How to Avoid Interest
Advance tax applies when your total tax for the year, after TDS, exceeds ₹10,000. Salaried people with other income, such as rent or capital gains, are often caught out.
Instalments
- 15 June: 15% of the year's tax
- 15 September: 45%
- 15 December: 75%
- 15 March: 100%
Shortfalls attract interest under sections 234B and 234C. Estimating your income each quarter, even roughly, keeps that interest close to zero.