Advance Tax Payment Due Dates (A.Y.2018-19)

Advance Tax is pre paid tax by the assessee on the income earned during the year. In simple words, you can say that assessee have to paid taxes in advance on the estimate income during the year in three instalment for individual assessee and four instalments for companies and corporate assessees.

For example, for financial year 2017-18 (relevant to assessment year 2018-19) advance tax is payable in instalments during 2017-18.

But the above condition is applicable only if the Advance Tax is more than Rs. 10,000/-

In this article we will discuss only about due dates/instalment dates/payment of advance tax. The last dates for the payment of advance tax are very important to know for assessees. We will cover other topics of advance tax in our next article.

Advance Tax Instalment Due Dates for (A.Y.2018-19)

Advance tax has to paid by the assessee on the following dates specified by the Income Tax act. The delay in the payment of advance tax attracts penalty.

15 June 2017 (1st Instalment of Advance tax)

  • 15% of advance tax

15th September 2017 (2nd Instalment of Advance Tax)

  • 30% of advance tax

15th December 2017 (3rd Instalment of Advance Tax)

  • 30% of advance tax

15th March 2017 (4th Instalment of Advance Tax)

  • 25% of advance tax

31st March 2017

Tax on capital gains or any income earned after 15th March.

Advance Tax Payment Due Dates Important Points

In the case of salary Income the tax is deducted by the employer. So TDS is also treated as prepaid taxes. So salaried person pay advance tax but in the shape of TDS. So the Salaried person need to pay tax, if the tax is less than TDS.  But if the TDS is less than actual Tax then they are also liable to pay advance tax.

But TDS should be deposited latest by 31st March of the financial year.

If on the due dates is Sunday or any holiday then the assesee can deposit the advance tax on next working day. It will treated as advance tax and no penal interest will be charged.

Check our article: Who is required to pay advance tax?

The payment of advance tax dates are very important. The penal interest at the end of the financial year will be calculated by the delay from the due date of particular instalment. So don’t miss the advance tax payment date. To do this bookmark this page and visit regularly or subscribe your email to get monthly reminder of all the due dates/closing dates of Income Tax and other taxes in India.

Advance Tax Payment – Latest Amendments

Senior citizens (Over 60 Years) need not to pay advance tax if not having any business income. (w.e.f.1-4-2012).

Hope you will like our article on advance tax payment/instalment due dates. If you have any queries related to the last dates of advance tax payment then comment, we will try to answer in next 24 hours.


Add a Comment
  1. mvgopalakrishnan

    it’s very useful, highly informative

  2. Thanks for the excellent article. Which is the last date for paying for the Sr.Citizens?–15th Mar? 31st Mar? or, just before filing the return( ie. 31st July) ?

  3. what is criteria of penalty to pay the advance income tax ?

  4. if the due date falls on a Sunday or a public holiday what is the due date? For example, Sep 15 is a Sunday. The due date is 16th Sep or 14th Sep?

  5. Hi!
    i hv a company franchise and giving service to its customers. My monthly invoice amount ‘ll b approx 250000 rs. (including service tax)
    will company deduct TDS and how much?????

    1. Sir,

      If you have TAN no. then you applicable for TDS deducting.

  6. Sir,
    When i am preaparing return (AY 2014-15) filing today it show me some amount to pay (interest Rs 452 in 234A column), even i have deposited self assessment tax of Rs 11320 online on 30 july 2014 and already figure is visible on 26AS form.
    Please guide me.

  7. Sir, I, a Senior Citizen age 62 yrs paid advance tax amount less than 10,000 for AY 2016-1 in Jan 2016 on my total pension+interest received from banks on deposits. I have no business/other income.
    On 14 Mar.2016, I received arrears of pension and my total taxable income for AY 2016-17 increased.
    Please tell me, How can I pay ”difference” of advance tax for AY2016-17 before 31 March 2016.

  8. Hello,

    I am a pensioner having net income tax less than 10,000 for this year. TDS does not happen on my income. Under which section of payment should I pay my tax for the FY 2015-2016.

    1. hello Akila, You don’t need to pay advance tax as your tax is less than 10,000 annually. You don’t need to mention any section while paying income tax. You just fill online form 280 via TIN and pay through net banking.

  9. I am a salaried person and pay tax through TDS. I also earn income by way of house rent and also pay tax on the income (approx. 1.0 Lac) usually at the time of filing return. if the tax approx. 22000.00 shall come under the purview of advance tax OR what is the right time to deposit this tax? Please guide me.

  10. If a company is liable to pay tax as per mat for q3 then, does it have to pay advance tax as per mat or normal provisions of Income Tax Act?

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