Advance Tax Payment Due Date: The deadline for the third installment of Advance Tax payment is approaching on December 15, 2025. Those who fail to do so will bear the monetary penalties. Advance Tax scheme allows taxpayers to pay tax in advance every quarter instead of paying a lump-sum amount at the end of the financial year.

The scheme of advance tax requires every assessee to estimate his current income and if tax liability on such estimated income exceeds the specified limit, the assessee is required to pay the estimated tax in instalments during the financial year itself. Thus, an assessee is required to pay tax as he earns and therefore the scheme of advance tax is also known as ‘Pay as you Earn Scheme’.

The 15 December advance-tax deadline is a crucial checkpoint, as by this date

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