Advance Tax Deadline Missed In December?? You May Have To Pay Interest Of….
Missing the advance tax deadline does not lead to a direct penalty under the Income Tax Act. However, taxpayers are required to pay interest if there is a delay or if the amount paid is less than what was due.
Dec 18, 2025, 13:48 PM IST
Advance Tax Due December 15: 7 Common Mistakes Taxpayers Must Avoid To Escape Penalties
Advance tax for FY 2025–26 is due by December 15 for taxpayers with net tax liability above Rs 10,000. Common mistakes include ignoring interest or dividend income, applying wrong tax rates on capital gains, forgetting TDS credits, choosing the wrong tax regime, failing to revise income estimates, underestimating interest penalties, and making challan errors. Careful calculation helps avoid penalties.
Dec 09, 2025, 16:51 PM IST
Advance Tax Alert: Do You Need to Pay the 3rd Instalment By December 15? Find Out
Advance tax is mandatory for anyone whose total tax payable for the year after adjusting TDS comes to Rs 10,000 or more. Instead of paying it all at once, the amount is divided into four instalments across the financial year: 15 per cent by June 15, 45 per cent by September 15, 75 per cent by December 15, and 100 per cent by March 15.
Dec 03, 2025, 13:37 PM IST
Advance Tax FY26 Deadline Ends Today: Pay Your Installment To Avoid Penalty; Check Who Are Exempted
Advance Tax Deadline: This requirement applies even to salaried taxpayers, as their employers may only deduct tax from their salaries and not account for additional income like capital gains or interest from fixed deposits.
Sep 15, 2025, 12:08 PM IST
Finance Ministry Issues Corrigendum To Income Tax Bill On Advance Tax Interest
Under current rules, taxpayers with an annual tax liability of Rs 10,000 or more are required to pay advance tax in four instalments — on June 15, September 15, December 15, and March 15.
Aug 13, 2025, 08:10 AM IST
Last Chance! Advance Tax First Instalment Due June 15—Check If You Need To Pay
Advance tax is a way of paying your income tax in parts during the year, instead of paying it all at once at the end.
Jun 14, 2025, 11:24 AM IST
Advance Tax Deadline Ends Today: Pay Your Installment To Avoid Penalty; Check Who Are Exempted
As per the Income-Tax (I-T) Act, 1961, individuals whose estimated tax liability exceeds Rs 10,000 during the year are required to pay advance tax.
Mar 15, 2025, 13:33 PM IST
Advance Tax FY 2024-25: Payment Due Date Ends Today, Check Penalty For Missing It
Taxpayers are required to pay 45% of the total tax, including the first installment, by September 15 and the last installment by March 15.
Mar 15, 2025, 08:07 AM IST
From Aadhaar-Pan Link To File Updated ITR: Six Important Taxpayer Tasks To Do Before March 31 Deadline To Avoid Penalties
Financial year 2022-23 will end on March 31, 2023. It is also the deadline for some important financial tasks related to taxpayers. You have to complete them before the deadline in order to avoid penalties and inconvenience.
Mar 26, 2023, 09:18 AM IST
Net Direct Tax collections for FY 2020-21 at Rs 9.45 lakh crore
Refunds amounting to Rs. 2.61 lakh crore have been issued in the F.Y. 2020-21 as against refunds of Rs. 1.83 lakh crore issued in the F.Y. 2019-20, marking an increase of approximately 42.1% over the preceding Financial Year.
Apr 09, 2021, 18:04 PM IST
Indore's Municipal corporation office turns into a pool as heavy rains lash city
The Municipal Corporation Office in Madhya Pradesh's Indore turned into 'pool' as water entered the office. Watch full video to know more. #HeavyRainsInMP #WaterInMunicipalCorporationOffice
Jul 01, 2019, 09:22 AM IST
Salman Khan leaves colleagues behind, leads advance taxpayers list
On the other hand, ace comedian Kapil Sharma reportedly paid an advance tax of Rs 23.9. The report further states that Deepika Padukone paid an advance tax of Rs 10.25 crore, all thanks to her Hollywood debut and global recognition.
Mar 22, 2017, 11:43 AM IST
Advance tax: SBI, ICICI see sharp fall; LIC, RIL pay more
Traditionally big taxpayers like large banks failed to cheer taxmen with their second quarter advance tax payouts, but others including steel and cement companies have done comparatively better, helping the department remain hopeful of meeting the annual target.
Sep 15, 2016, 21:13 PM IST
SBI Q1 advance tax outgo rises 4% to Rs 1,290 cr
The country's largest lender State Bank of India Monday paid Rs 1,290 crore as the advance tax for the first quarter of the current fiscal, a rise of 4 percent over the same period last year.
Jun 15, 2015, 22:57 PM IST
HDFC Q1 tax out go up 12% at Rs 465 crore
Mortgage major HDFC Monday reported 12 percent increase in its advance tax outgo to Rs 465 crore for the first quarter of the current fiscal.
Jun 15, 2015, 19:14 PM IST
Advance tax: SBI pays 23% more at Rs 1794 cr, LIC outgo up 15%
A clutch of financial institutions, including SBI, LIC and HDFC, have showed double digit growth in terms of advance tax payments for March quarter, say industry sources.
Mar 16, 2015, 19:28 PM IST
Q1 liquidity position comfortable: FinMin report
The liquidity position during the April-June quarter has been comfortable, barring the period of advance tax outflow, according to a government report.
Aug 28, 2014, 22:29 PM IST