What is Due date for payment of Advance Tax?
Nexa Consultancy | Startup & Finance Glossary
Advance tax must be paid in four installments by specific due dates for individuals and corporates. The due dates are: 15th June (15%), 15th September (45%), 15th December (75%), and 15th March (100% of total tax liability).
Startup Example: A profitable startup estimates its total tax liability for the year to be ₹20 Lakhs. It must pay at least ₹3 Lakhs by June 15th, a cumulative total of ₹9 Lakhs by September 15th, and so on.
Our Virtual CFOs manage cash flow to ensure timely advance tax payments.