Who pays advance tax
Anyone whose tax for the year, after TDS and TCS, is ₹10,000 or more must pay advance tax in instalments: 15% by 15 June, 45% by 15 September, 75% by 15 December and 100% by 15 March. Presumptive taxpayers pay the whole amount by 15 March. Missed instalments attract interest of 1% per month. Read: advance tax 15 December 2026 instalment.
Frequently asked questions
Do salaried people pay advance tax?
Usually not, because the employer deducts TDS. But if you have interest, rent or capital gains on which tax after TDS is ₹10,000 or more, advance tax applies.
Do senior citizens pay advance tax?
Resident individuals aged 60 or more without business or professional income are exempt.
What if I have capital gains after an instalment date?
Pay the tax on that gain in the remaining instalments; interest for earlier instalments does not apply to that gain.
Tool last reviewed 10 November 2026. Results are estimates for general guidance and are not professional advice.
Have a tax, GST or business question?
Call, WhatsApp or email CA Dilbagh Singh and team, from Delhi, anywhere in India or abroad.