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Due Dates of Advance Tax Payment for Individuals:
(Section 211 of the Income Tax Act)

Advance Tax is payment of income tax for the current year's expected income in advance. In case of salaried people, the formalities relating to advance tax payment on salary income are taken care of by their employer but for individuals having income other than salary, they themselves have to take care of advance tax payments on or before due dates.

There is no liability for advance tax if total income tax liability of a person is less then Rs. 10000. In other cases till financial year 2015-16 individual assessees were required to pay advance tax for each year in three instalments and companies werre needed to pay in four instalments.

Budget 2016 has brought a change and now all the assessees shall pay their advance tax in four installments; due dates for the same are as given in the following table.

Click here to know about how to calculate Advance Tax Payable for individuals

Form 1st June 2016 advance tax for all assessees ie. for companies as well as for individuals, firms etc. shall be paid in four installments and due dates of the same are as given below :


Due Date of Instalment

Amount Payable (For Companies till FY 2015-16)
From June 1, 2016 ie. FY 2016-17 applicable for all assessees
Amount Payable (For all others)
(Applicable only till FY 2015-16)

On or before 15th June

Not less then 15% of Advance TaxNIL

On or before 15th September

Not less then 45% of Advance Tax, reduced by the amount if any paid in earlier instalmentNot less than 30% of advance tax

On or before 15th December

Not less then 75% of Advance Tax, reduced by the amount if any paid in earlier instalmentNot less than 60% of advance tax, reduced by the amount if any paid in earlier instalment

On or before 15th March

Whole (100%) of the advance tax as reduced by the amount paid in earlier instalmentsWhole (100%) of the advance tax as reduced by the amount paid in earlier instalments

Important point to note is that any payment towards advance tax made on or before 31st March of the financial year is also treated as payment of advance tax for that financial year.


Quick Links:
How to make online payment of advance tax?
How to compute Advance tax?
Interest u/s 234B for default in Advance Tax payment
How to pay tax against demand notice?
Payment of Self Assessment Tax online





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