When to pay Advance Income Tax?

 If the amount of income tax that anyone would be eligible to pay exceeds Rs.10,000, then advance tax needs to be paid in 3 (Three) instalments.

The first due date is September 15, where you are required to pay at least 30% of the tax payable as advance tax.

The second due date is December 15, where at least 60% needs to be paid and on the last due date that is March 15, 100% of the tax payable needs to be paid.


If you defer any of these payments, then simple interest of 1% per month would be levied as penalty.
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