GENERAL15 Sept 2026
Advance Tax Payment Deadline Today: Who has to pay, rules and what happens if you miss it
Today is the advance tax deadline, and it applies to you if your estimated tax for the financial year is Rs 10,000 or more after counting TDS (tax deducted at source). This is the second instalment. Paying on time helps you avoid interest and penalty trouble. If you are unsure of your numbers, please check with your tax advisor today.
Key Statutory Highlights
- Advance tax applies to taxpayers whose estimated tax liability for the financial year is Rs 10,000 or more.
- TDS (tax deducted at source) and TCS (tax collected at source) are taken into account before deciding whether advance tax applies.
- Today is the deadline for paying the advance tax instalment.
Actionable Advice for Taxpayers / Founders:Work out your estimated tax for the year after TDS and TCS. If it comes to Rs 10,000 or more, pay your advance tax instalment today, and speak to your CA if you are unsure of the numbers.
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
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