Indian taxpayers, brace yourselves! The second advance tax installment for FY 2025-26 is due September 15th. If your tax liability exceeds Rs 10,000, pay up to avoid a 1% monthly interest penalty.

Advance Tax, often called the “Pay as You Earn Scheme”, requires taxpayers to estimate their income for the financial year and pay taxes in instalments, instead of waiting until year-end. If your ...

March 15 is the last date to pay advance tax for the current financial year. Advance tax is essentially the tax you pay on all other income besides your salary. If your total tax liability from income ...