Here’s a clear and concise summary of the advance tax deadline and why it matters for Financial Year 2025–26:
🗓️ Advance Tax 1st Instalment Due: June 15, 2025
The Income Tax Department has reminded taxpayers that the first instalment of advance tax must be paid by June 15, 2025.
💡 What Is Advance Tax?
Advance tax means paying your income tax in portions throughout the year instead of paying it all at once at year-end.
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It applies if your total tax liability exceeds ₹10,000 in a year.
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It’s mandatory for salaried individuals, freelancers, and business owners.
💰 How Much to Pay by June 15?
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You need to pay 15% of your estimated total annual tax.
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For example, if your total tax due is ₹1,00,000, your first instalment is ₹15,000.
⚠️ Why You Should Pay Now
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Late payment attracts interest under Section 234C:
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1% interest per month on the shortfall
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Over the year, this can add up to 12% extra—a needless financial loss
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Even a short delay adds interest, as it’s calculated monthly
📆 Advance Tax Payment Schedule
| Due Date | Minimum Total Tax to Be Paid |
|---|---|
| June 15 | 15% |
| September 15 | 45% |
| December 15 | 75% |
| March 15 | 100% |
✅ Plan Smart, Pay on Time
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Avoid last-minute stress and unnecessary penalties
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Helps manage cash flow better
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Keeps you in good standing with the tax department
