In India, advance income tax for the financial year (FY) 2025-26 is payable in installments by specific due dates. These payments are mandatory for individuals whose total tax liability exceeds ₹10,000 in a financial year. The due dates and the corresponding percentages of tax payable are as follows:
Due Date | Percentage of Total Tax Payable | Description |
---|---|---|
15th June 2025 | 15% | First installment of advance tax for FY 2025-26. |
15th September 2025 | 45% (cumulative) | Second installment, making the total advance tax paid up to 45% of the total tax liability. |
15th December 2025 | 75% (cumulative) | Third installment, bringing the total advance tax paid to 75% of the total tax liability. |
15th March 2026 | 100% (cumulative) | Fourth and final installment, ensuring the entire advance tax liability for the year is paid. |
For detailed information and updates, refer to the official Income Tax Department resources.