INCOME TAX14 Sept 2026
Advance tax deadline tomorrow: Who should pay the 2nd instalment and how to pay it online
Advance tax is income tax you pay in instalments through the financial year as you earn it, rather than one lump sum at the end. It is also called the pay-as-you-earn scheme. The second instalment deadline is tomorrow, so business owners and taxpayers who owe it should check their figures and pay online now.
Key Statutory Highlights
- Advance tax is income tax paid in instalments throughout the financial year instead of one lump sum at the end of the year.
- The scheme is also known as the 'pay-as-you-earn' scheme.
- The deadline for paying the second instalment of advance tax is tomorrow.
Actionable Advice for Taxpayers / Founders:Check today whether the second advance tax instalment applies to you, and if it does, pay it online before the deadline to stay on top of your compliance.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: