Due Dates for payment of Advance Tax
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 |
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