1st instalment: 15 June
Due date
Interest at 1% per m
Late fee
Section
Interest
Who must file
All taxpayers (individual, firm, company) with tax liability > ₹10,000 after TDS credits. Senior citizens with no business income are exempt.
Due date rule
1st instalment: 15 June (15% of estimated tax). 2nd: 15 September (45% cumulative). 3rd: 15 December (75% cumulative). 4th: 15 March (100%).
Late fee and interest
| Aspect | Scenario | Consequence → |
|---|---|---|
| Late fee (with liability) | — | Interest at 1% per month (Section 234B: shortfall from 90%, Section 234C: per-instalment shortfall). |
| Interest on unpaid tax | — | Section 234B: 1% per month on deficit from 90% of assessed tax, from 1 April to date of assessment. Section 234C: 1% per month on each instalment shortfall. |
| Law reference | — | IT Act 2025 §404 (old §208 and §211) |
| Who files | — | All taxpayers (individual, firm, company) with tax liability > ₹10,000 after TDS credits. Senior citizens with no business income are exempt. |
| Frequency | — | Quarterly (four instalments per year) |
About Advance Tax (Instalments)
Advance tax is pre-paid tax in four instalments across the year when total tax liability exceeds ₹10,000
Law reference
IT Act 2025 §404 (old §208 and §211)
Frequently asked questions
When is Advance Tax (Instalments) due?▾
1st instalment: 15 June (15% of estimated tax). 2nd: 15 September (45% cumulative). 3rd: 15 December (75% cumulative). 4th: 15 March (100%).
What is the late fee for Advance Tax (Instalments)?▾
Interest at 1% per month (Section 234B: shortfall from 90%, Section 234C: per-instalment shortfall). Interest: Section 234B: 1% per month on deficit from 90% of assessed tax, from 1 April to date of assessment. Section 234C: 1% per month on each instalment shortfall.
Who must file Advance Tax (Instalments)?▾
All taxpayers (individual, firm, company) with tax liability > ₹10,000 after TDS credits. Senior citizens with no business income are exempt.