Archive · 12 Dec 2025
Advance Tax Deadline Approaches: Pay by December 15
Taxpayers in India need to pay 75% of their estimated tax by December 15 to avoid interest.
This applies to those who owe more than Rs 10,000 in taxes after deductions.
If you miss the deadline, you might have to pay extra money as interest.
Some incomes like capital gains or lottery winnings can be paid later without interest if you pay the full amount by March 31.
Senior citizens who don't have business income don't need to pay advance tax.
People with small businesses can pay their full tax by March 15 in one go.
It's important to pay advance tax to make sure all your income is properly taxed.
Taxpayers must pay 75% of their estimated tax liability by December 15 to avoid interest.
Those with a tax liability over Rs 10,000 after TDS/TCS must pay advance tax.
Interest of 1% per month is charged for late payments under Section 234C.
Incomes like capital gains and lottery winnings can be paid without interest by March 31.
Senior citizens without business income are exempt from paying advance tax.
- Who
- Taxpayers with estimated tax liability over Rs 10,000 after TDS/TCS
- What
- Pay 75% of advance tax by December 15 to avoid interest
- When
- Deadline is December 15
- Where
- Electronically using Challan ITNS-280
- Why
- To avoid interest on shortfall and ensure compliance with tax laws
- Deadline
- December 15
- Minimum Tax Liability
- Rs 10,000
- Interest Rate for Deferment
- 1% per month
- Deferred Payment Incomes
- Capital gains, lottery winnings, dividend income
- Senior Citizen Exemption
- No income from business or profession
- Presumptive Taxation Deadline
- March 15
- Presumptive Taxation Eligibility
- Gross receipts or turnover below Rs 50 lakh