Advance tax schedule
When advance tax falls due and how much each instalment is, from your estimated tax for the year.
Your estimated total tax minus the TDS others deduct on your income
Income is
15 Jun · First instalment · 15% paid by now₹18,000
15 Sep · Second instalment · 45% paid by now₹36,000
15 Dec · Third instalment · 75% paid by now₹36,000
15 Mar · Fourth instalment · 100% paid by now₹30,000
Dates are the same every financial year (section 211). A shortfall attracts interest under 234C at 1% a month for three months on the shortfall; missing 90% by 31 March adds 234B at 1% a month until you pay. Senior citizens with no business income are exempt.
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