Due dates for 2026-27
| Due date | Cumulative tax to be paid |
|---|---|
| 15 June 2026 | 15% |
| 15 September 2026 | 45% |
| 15 December 2026 | 75% |
| 15 March 2027 | 100% |
Presumptive taxpayers (old 44AD / 44ADA, now section 58) pay 100% by 15 March.
Who must pay
- Anyone whose estimated tax after TDS and TCS is ₹10,000 or more (section 404).
- Resident senior citizens (60+) without business income are exempt.
- NRIs with Indian income — rent, capital gains — often need to pay too; see NRI taxation.
Interest if you pay late or too little
- Section 424 (old 234B): 1% a month on the shortfall if less than 90% of tax is paid by 31 March.
- Section 425 (old 234C): 1% a month for three months on each instalment shortfall (one month for the last); paying 12% by June and 36% by September avoids it.
- No deferment interest on capital gains or dividends paid in the instalment after the income arises.
Frequently asked questions
What are the advance tax due dates for 2026-27?
15 June 2026 (15%), 15 September 2026 (45%), 15 December 2026 (75%) and 15 March 2027 (100%). Presumptive taxpayers pay 100% by 15 March.
Who has to pay advance tax?
Anyone whose estimated tax for the year after TDS and TCS is ₹10,000 or more, except resident senior citizens without business income.
What is the interest for late advance tax?
1% a month — under section 424 (old 234B) if less than 90% is paid by 31 March, and under section 425 (old 234C) for shortfalls in each instalment.
Please note: this guide is general information based on the rules as they stood on the review date above. Regulations and RBI/CBDT procedures change often — please get advice on your specific facts before acting.