Archive · 8 Dec 2025
December 15 Deadline for Advance Tax Payment
In India, if you expect to owe more than ₹10,000 in taxes for the year after accounting for taxes already deducted, you need to pay advance tax.
By December 15, you should have paid 75% of your estimated tax.
If you miss this deadline, you might have to pay extra interest.
This rule applies to freelancers, investors, and small business owners who don't have regular tax deductions.
Senior citizens over 60 who don't earn from business are exempt.
Paying on time helps avoid big payments and penalties at the end of the year.
Taxpayers with estimated tax liability over ₹10,000 must pay 75% by December 15.
Missing the deadline incurs 1% per month interest on the shortfall.
Freelancers, investors, and small business owners are particularly affected.
Resident senior citizens above 60 with no business income are exempt.
Advance tax applies to all types of income and must be paid in four instalments.
- Who
- Taxpayers whose estimated total tax liability exceeds ₹10,000 after TDS
- What
- Payment of 75% of estimated tax liability by December 15
- When
- December 15
- Where
- India
- Why
- To avoid interest penalties and ensure timely tax payment
- Deadline
- December 15
- Total Tax Liability Threshold
- ₹10,000
- December 15 Payment Requirement
- 75% of total tax liability
- Penalty for Missed Deadline
- 1% per month interest on shortfall
- Exemptions
- Resident senior citizens above 60 years, with no income from business or profession