Question 1

Who is required to pay Advance Tax in India?

Accepted Answer

Any taxpayer whose total estimated income tax liability after adjusting TDS/TCS is ₹10,000 or more in a financial year must pay advance tax in quarterly installments.

Question 2

What are the advance tax due dates?

Accepted Answer

Quarterly deadlines for non-presumptive taxpayers: 15% by 15 June, 45% by 15 Sept, 75% by 15 Dec, and 100% by 15 March.

Advance Tax Calculator with Quarterly Due Dates