INCOME TAX9 Sept 2026
Advance tax September 15 deadline: Do salaried taxpayers need to pay? Rules, calculation and interest explained
The second advance tax instalment for FY 2026-27 is due on 15 September 2026. If you earn interest, rent, dividends, or freelance income and your unpaid tax after TDS exceeds ₹10,000, you likely need to pay 45% of your estimated annual tax by then. Salaried people earning only salary usually skip this. Estimate full-year income, compute tax with cess, subtract TDS and paid instalments, then pay.
Key Statutory Highlights
- The second advance tax instalment for financial year 2026-27 is due on 15 September 2026.
- Advance tax is required when your estimated tax liability after TDS and TCS exceeds ₹10,000.
- By 15 September, you generally need to have paid 45% of your estimated annual tax liability.
Actionable Advice for Taxpayers / Founders:Check whether your income from salary plus other sources leaves more than ₹10,000 tax unpaid after TDS. If so, calculate your full-year tax including cess, subtract TDS and any June instalment, and pay 45% of the annual liability before 15 September 2026.
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: