Cumulative instalments: 15% by 15 June, 45% by 15 September, 75% by 15 December, 100% by 15 March. Presumptive-scheme taxpayers pay 100% by 15 March. Short payment attracts 1% a month interest (sections 234B/234C). Resident seniors 60+ without business income are exempt.
FAQ
Who must pay advance tax?
Anyone whose tax after TDS is ₹10,000 or more in the year.
Sources (checked 6 Nov 2026): Income-tax Act 2025 (advance tax provisions).