Due Dates of Payment of Advance Tax

Due Dates of Payment of Advance Income Tax is 15th June, 15th September, 15th December and 15th March for companies and 15th September, 15th December and 15th March for individual, HUF and partnership firm .i.e All Non corporate assessee.

Liability of advanced tax: Section 208 of the income tax act makes it obligatory to pay advance tax in every case, when the tax on current income is greater than 10000, then assessee is liable to pay advance tax. 

Due date of payment

Advance tax amount paid till date

Non-corporate assessee

Corporate assessee

15th June of previous year

NIL

15% of assessed tax
15th September of previous year30% of assessed tax45% of assessed tax
15th December of previous year60% of assessed tax75% of assessed tax
15th March of previous year100% of assessed tax100% of assessed tax

Assessed tax means: 

Tax on Income calculated-xxxxx

Less: TDS/TCS                -xxxx

Instalments of advance tax and due dates

211. (1) Advance tax on the current income calculated in the manner laid down in section 209 shall be payable by—

(a)  all the companies, who are liable to pay the same, in four instalments during each financial year and the due date of each instalment and the amount of such instalment shall be as specified in Table I below :

TABLE I

Due date of instalmentAmount payable
On or before the 15th JuneNot less than fifteen per cent of such advance tax.
On or before the 15th SeptemberNot less than forty-five per cent of such advance tax, as reduced by the amount, if any, paid in the earlier instalment.
On or before the 15th DecemberNot less than seventy-five per cent of such advance tax, as reduced by the amount or amounts, if any, paid in the earlier instalment or instalments.
On or before the 15th MarchThe whole amount of such advance tax as reduced by the amount or amounts, if any, paid in the earlier instalment or instalments;

(b) all the assessees (other than companies), who are liable to pay the same, in three instalments during each financial year and the due date of each instalment and the amount of such instalment shall be as specified in Table II below :

TABLE II

Due date of instalmentAmount payable
On or before the 15th SeptemberNot less than thirty per cent of such advance tax.
On or before the 15th DecemberNot less than sixty per cent of such advance tax, as reduced by the amount, if any, paid in the earlier instalment.
On or before the 15th MarchThe whole amount of such advance tax as reduced by the amount or amounts, if any, paid in the earlier instalment or instalments :

Provided that any amount paid by way of advance tax on or before the 31st day of March shall also be treated as advance tax paid during the financial year ending on that day for all the purposes of this Act.]

(2) If the notice of demand issued under section 156 in pursuance of an order of the Assessing Officer under sub-section (3) or sub-section (4) of section 210 is served after any of the due dates specified in sub-section (1), the appropriate part or, as the case may be, the whole of the amount of the advance tax specified in such notice shall be payable on or before each of such of those dates as fall after the date of service of the notice of demand.

For Payment / Depsoit of Adnavce Tax Download INCOME TAX CHALLAN NO 280: For Payment of Income Tax

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