Kumari Palany & Co

Due Dates for payment of Advance Tax

Posted on: 17/Jan/2017 11:50:47 AM
Advance tax payments have to be made in instalments as per due dates provided by the income tax department.

If total tax liability is Rs 10,000 or more in a financial year you have to pay advance tax. Advance tax applies to all tax payers, salaried, freelancers, and businessmen. Senior citizens.

Due Dates for payment of Advance Tax FY 2016-17 
(both individual and corporate taxpayers)

Due Date

Advance Tax Payable

On or before 15th June

15% of advance tax

On or before 15th September

45% of advance tax

On or before 15th December

75% of advance tax

On or before 15th March

100% of advance tax