Advance Tax Deadline FY 2025-26 What You Must Know
If your total tax due for FY 2025-26 exceeds ₹10,000, the Advance Tax Deadline FY 2025-26 is crucial. Pay the first instalment by June 15, 2025, to avoid interest under Sections 234B and 234C of the Income-tax Act, 1961.
Let’s break it down for you:
Who Must Pay Advance Tax?
✅ Individuals with tax due after TDS > ₹10,000
✅ Freelancers, consultants, and professionals
✅ Businesses and firms (including MSMEs)
✅ without business income are exempt
Advance Tax Payment Dates FY 2025-26
| Instalment | Due Date | % of Total Tax Payable |
|---|---|---|
| 1st | 15th June 2025 | 15% |
| 2nd | 15th Sept 2025 | 45% (cumulative) |
| 3rd | 15th Dec 2025 | 75% (cumulative) |
| 4th | 15th Mar 2026 | 100% |
Tip: Pay on or before these dates to avoid interest under Sections 234B & 234C.
How to Calculate Advance Tax?
1️⃣ Estimate your total income for FY 2025-26.
2️⃣ Deduct eligible deductions under Chapter VI-A.
3️⃣ Compute total tax liability as per slabs.
4️⃣ Subtract TDS expected to be deducted by employers/banks.
5️⃣ If balance tax > ₹10,000, pay as advance tax.
Source: CBDT Circulars
Expert Insight
💡 Practical Tip: Use the Advance Tax Calculator on the Income Tax Portal for accurate computation. Always keep proof of payment (challan) for ITR filing.
Common Mistakes to Avoid
- Missing the June 15 deadline.
- Not revising income estimate mid-year.
- Ignoring interest liability.
- Forgetting to pay online using Challan 280.
FAQs on Advance Tax
Q1. What if I miss the June 15 payment?
A: You’ll attract interest under Section 234C. Pay remaining instalments on time to reduce further interest.
Q2. Is advance tax mandatory for salaried employees?
A: Yes, if your TDS does not cover total tax due and the shortfall exceeds ₹10,000.
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Summary
Advance Tax Deadline FY 2025-26 is June 15 for taxpayers with liability over ₹10,000. Pay 15% by June 15 to avoid interest. Use Challan 280 and get help from Efiletax for hassle-free compliance.