Advance Tax

Due Dates for payment of Advance Tax

FY 2018-19 For both individual and corporate taxpayers

Due DateAdvance Tax PayableOn or before 15th June15% of advance taxOn or before 15th September45% of advance taxOn or before 15th December75% of advance taxOn or before 15th March100% o

Iiability to pay advance tax

If your tax liability for a year is more than Rs 10,000, you will be liable for payment of advance tax




Non payment of advance tax will result in levy of interest under 234B and 234C of the Income tax Act, 1961.



You can still go ahead with payment of advance tax on or before the 31 March of the year. Such payment will still be treated as advance tax only.


Advance tax payment is made using Challan 280 just like any other regular tax payment.

u/s 208, obligation to pay advance tax arises in every case where the advance tax payable is RS 10,000 or more
in case of senior citizen (of the age of 60years or more) being a resident individual - not having any income chargeable Under the head " profits and gains of business or profession" - exempt from from payment of advance tax and are allowed to discharge their tax liability (other than TDS) by payment of self - assessment tax