Who has to pay advance tax?

Anyone whose total tax liability for the year, after TDS, exceeds ₹10,000. Resident senior citizens without business income are exempt.

What is the interest if I miss an instalment?

1% per month under section 234C on the shortfall for that quarter, and 1% per month under 234B if less than 90% of the tax is paid by year end.

Do presumptive taxpayers pay advance tax?

Yes, but taxpayers under 44AD or 44ADA can pay the entire amount in a single instalment by 15 March.

What about capital gains I couldn't have predicted?

Advance tax on capital gains is payable in the instalment falling after the gain arises — you are not penalised for not predicting it.

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Advance Tax Payment in India — Online, by Verified CAs

Advance tax is due four times a year — 15 June, 15 September, 15 December and 15 March — for anyone whose annual tax liability crosses ₹10,000. Freelancers, consultants, traders and business owners get caught here most, and the interest under 234B and 234C is entirely avoidable.

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The instalment schedule

15 June

15% of your estimated annual tax liability.

15 September

45% cumulative, less what you have already paid.

15 December

75% cumulative.

15 March

100% of the estimated liability.

What tends to go wrong

Forgetting capital gains — they are taxed in the quarter they arise
Ignoring TDS already deducted, and overpaying
Freelancers under 44ADA assuming presumptive income means no advance tax
Missing the June instalment and paying 234C interest for the rest of the year

How we compute it

01
Project full-year income
Salary, business income, capital gains, interest, rent and foreign income.
02
Net off TDS and credits
TDS already deducted, TCS and any foreign tax credit are adjusted.
03
Split by instalment
You get the exact rupee figure to pay in each quarter.
04
Pay and record the challan
Challan 280 details are recorded so your return matches at filing time.

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