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Home List Manuals Income TaxIncome Tax - Frequently Asked Questions (FAQs)FAQs on interest under section 234A, 234B, 234C and 234D This

Income Tax - Frequently Asked Questions (FAQs)

FAQs on interest under section 234A, 234B, 234C and 234D

What are the due dates for payment of advance tax?

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Ans. The advance tax shall be payable by an assessee in 4 instalments on or before the prescribed due dates as specified in the below table:

Due date for payment of advance tax

Advance tax to be payable

On or before June 15 of the previous year

At least 15% of advance tax

On or before September 15 of the previous year

At least 45% of advance tax

On or before December 15 of the previous year

At least 75% of advance tax

On or before March 15 of the previous year

100% of advance tax

​​Note: Any tax paid, on or before 31st March, shall also be treated as advance tax paid during the financial year.​

 

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