ADVANCE-TAXcriticalCBDT (Income Tax)
ADVANCE-TAX — Advance Tax Instalment
Pay advance tax in four instalments — 15% by 15 June, 45% by 15 September, 75% by 15 December and 100% by 15 March.
- Due
- 15 Jun, 15 Sep, 15 Dec, 15 Mar
- Frequency
- Quarterly
- If it lapses
- Interest at 1% per month under s.234B and s.234C on the shortfall
- Statutory reference
- S.211, Income-tax Act 1961
Who has to file it
Every one of these has to hold before ADVANCE-TAX binds an entity:
- turnover of ₹1.00 Cr or more
- Filed on:
- Income Tax e-Filing
- Usually owned by:
- Accountant
- Typical effort:
- 4 hours
Common questions
- When is ADVANCE-TAX due?
- 15 Jun, 15 Sep, 15 Dec, 15 Mar. It falls due every quarter.
- Who has to file ADVANCE-TAX?
- It applies to turnover of ₹1.00 Cr or more.
- What is the penalty for filing ADVANCE-TAX late?
- Interest at 1% per month under s.234B and s.234C on the shortfall
- Where is ADVANCE-TAX filed?
- Income Tax e-Filing.
This is the standing statutory position. The government extends deadlines often, and an extension is not reflected here until the rule is updated. Mallah Software Services Private Limited is a software company and not a firm of company secretaries or chartered accountants — nothing here is legal, tax or secretarial advice. Confirm the date with your professional before relying on it. See the Professional Disclaimer.