Question
Do I have to pay advance tax, and what are the instalment dates and amounts for FY 2026-27?
Answer
You must pay advance tax if your tax liability after TDS and TCS exceeds Rs 10,000 in FY 2026-27. The four instalments are due by 15 June (15% cumulative), 15 September (45%), 15 December (75%) and 15 March (100%). Salaried individuals usually have tax covered through TDS, but income like capital gains, interest, rent or freelancing often creates a shortfall. Resident senior citizens without business income are exempt. Short payment attracts interest at 1% per month. Work out your instalments with our advance tax calculator.
This answer is general information based on the law as it stood when written and is not professional advice on your specific situation. Verify the current position and consult a qualified professional before acting. See our disclaimer.