Advance Tax against Income from Long term capital gains
This query is : Resolved
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27 May 2026
An assessee earns 40Lakhs as Income from Long term capital gains in the month of May 2026.
How much advance tax should be paid and in how many instalments so as to avoid any interest / penalty.
How much advance tax should be paid and in how many instalments so as to avoid any interest / penalty.
27 May 2026
Tax liability would be Rs. 5 lakhs+ cess. Add any other assessed tax liability. Pay advance tax as 15% in first+30% in second + 25% each in last both installments...
27 May 2026
Advance Tax Payment Schedule (FY 2025–26)
Instalment Due Date Cumulative Tax Payable
1st Instalment 15th June 2025 15% of total tax liability
2nd Instalment 15th September 2025 45% of total tax liability
3rd Instalment 15th December 2025 75% of total tax liability
4th Instalment 15th March 2026 100% of total tax liability
Instalment Due Date Cumulative Tax Payable
1st Instalment 15th June 2025 15% of total tax liability
2nd Instalment 15th September 2025 45% of total tax liability
3rd Instalment 15th December 2025 75% of total tax liability
4th Instalment 15th March 2026 100% of total tax liability
28 May 2026
Thanks sir for the prompt reply.
Please confirm, even though the asseesee has earned LTCG in the month of May, he will be liable to pay 15% tax liability before June 2026?
Please confirm, even though the asseesee has earned LTCG in the month of May, he will be liable to pay 15% tax liability before June 2026?
28 May 2026
Yes, the assessee is required to pay 15% of the tax liability by June 15, 2026. Because the capital gain occurred in May 2026 (prior to the first advance tax deadline of the financial year), it must be factored into the very first installment calculation to avoid interest penalties under Section 234C.
29 May 2026
Thanks for the reply.
29 May 2026
You are welcome.
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