15th September : Due Date to Pay Second Instalment of Advance Tax

The due date to pay the second instalment of Advance Tax is just around the corner, i.e. 15th September 2016 for both individuals and corporate taxpayers. From F.Y. 2016-17, the provisions of Advance Tax for individuals have been made similar to that of corporate taxpayers.


Advance Tax is payable as follows by both individuals and corporate taxpayers:


Due Date Advance Tax payable (%)
On or before 15thJune 15% of the advance tax
On or before 15thSeptember 45% of the advance tax
On or before 15thDecember 75% of the advance tax
On or before 15thMarch 100% of the advance tax

To understand Advance Tax in detail, read our blog Advance Tax What? Why? When? [text-blocks id=”file-your-return”]

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