Archive · 15 Jun 2025
Today is Last Day for Advance Tax Installment
If you owe more than a certain amount in taxes, you have to pay it in parts throughout the year.
The first part is due by June 15th.
This is called advance tax.
It helps the government get money throughout the year instead of all at once.
If you don't pay on time, you might have to pay extra interest.
The amounts are broken up into four installments.
Make sure you know the deadlines!
June 15 is the deadline for the first installment of advance tax for fiscal year 2025-26.
Taxpayers with a tax liability of ₹10,000 or more must pay advance tax.
Advance tax is paid in four installments throughout the fiscal year.
Failure to pay advance tax attracts 1% per month interest under Section 234C.
First installment should be at least 15% of the total tax liability.
- Who
- Taxpayers with tax liability of ₹10,000 or more
- What
- The deadline for the first installment of advance tax payments.
- When
- June 15th, 2025
- Where
- India
- Why
- To avoid interest charges and comply with tax regulations.
- First Installment Due Date
- June 15, 2025
- Tax Liability Threshold
- ₹10,000
- Interest Rate for Late Payment
- 1% per month (Section 234C)
- First Installment %
- 15%
- Subsequent Installment Deadlines
- Sept 15, Dec 15, March 15
