15th December is the due date for the third instalment of Advance Taxfor both individuals and 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 blogAdvance Tax What? Why? When?
