Advance Tax Due Date: Advance tax is a system where taxpayers estimate their current income and pay taxes in instalments throughout the financial year if their tax liability exceeds a certain limit, which is typically Rs 10,000, irrespective of tax regime. It means taxpayers won’t pay the entire tax liability once the financial year ends, as it happens in the normal tax filing every year.

Third instalment of advance tax for the assessment year 2026-27 is December 15, 2025. Taxpayers must pay 75 per cent of their tax liability till that time to avoid any tax notice from the department.

Should You Need To Pay Advance Tax If Your Income Is Below Rs 12 Lakh?

CA Shefali Mundra, Tax Expert at ClearTax explains to News18 that any taxpayer, whether an individual, HUF, firm, or company, whose t

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