Advance Tax is payable by installments. Which has due dates as indicated below
| Due Dates | Instalments | Instalments |
|---|---|---|
| Assessees |
For Non- Company assessees |
For Company Assessees |
| 15th June | Nil | 15% of Advance Tax |
| 15th Sep. | 30% of Advance Tax | 30% of Advance Tax |
| 15th Dec. | 30% of Advance Tax | 30% of Advance Tax |
| 15th March | 40% of Advance Tax | 25% of Advance Tax |
| 31st march | Tax on capital gains or casual incomes arising after 15th march, if any | Rest Tax if any You can deposit on 31st march |
Note:- If You not pay advance tax within due dates then you are liable to pay penal interest u/s 234B
Related posts:
