Understanding Advance Tax for FY 2025-26
If your total tax liability for the year exceeds ₹10,000 (after TDS), you must pay it in installments—this is called Advance Tax. The first installment for FY 2025-26 is due by 15th June 2025.
Who Needs to Pay Advance Tax?
You must pay Advance Tax if you are:
- A salaried employee with extra income (like capital gains or interest)
- A freelancer or professional
- A business owner
Relevant Law: Section 208 of the Income-tax Act, 1961.
Advance Tax Payment Schedule FY 2025-26
| Installment | Due Date | Minimum % of Total Tax Payable |
|---|---|---|
| 1st | 15th June 2025 | At least 15% |
| 2nd | 15th September 2025 | At least 45% |
| 3rd | 15th December 2025 | At least 75% |
| 4th | 15th March 2026 | 100% |
Source: CBDT Advance Tax Schedule.
How to Calculate Advance Tax
- Estimate total income for FY 2025-26
- Deduct eligible deductions (80C, 80D, etc.)
- Compute tax on net income using FY 2025-26 slabs
- Subtract TDS already deducted
- Pay the remaining amount in the prescribed installments
How to Pay Advance Tax
- Online via TIN NSDL
- Use Challan 280
- Choose the correct assessment year (AY 2026-27)
- Keep the challan copy for record and ITR filing
What Happens If You Miss Advance Tax Due Date?
If you fail to pay on time:
- Interest under Section 234B & 234C will apply
- Extra tax burden at the end of the year
- Possible notice for short payment
Tip: Always pay a little extra if unsure—adjustments happen in final ITR.
Expert Tip: Use Form 26AS
Before paying, check your Form 26AS or Annual Information Statement (AIS) to see how much TDS is already deducted. This avoids double payment.
FAQs on Advance Tax Due Date FY 2025-26
Q1. Can salaried persons skip Advance Tax?
If your employer deducts full TDS on salary and there’s no other income, you need not pay separately.
Q2. What if my income changes during the year?
Adjust payments in next installments. Overpayments get refunded when you file ITR.
Key Takeaway
Advance Tax Due Date FY 2025-26 for the first installment is 15th June 2025. Timely payment helps avoid interest and penalties. For hassle-free compliance, let Efiletax handle your Advance Tax planning and payments!
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Summary
Advance Tax Due Date FY 2025-26 is 15th June 2025 for the first installment. Know who should pay, payment schedule, penalties for delay, and tips to stay compliant.