Advance Tax for Tax Year 2026-27: Due Dates and Who Has to Pay

Updated 2026-08-02 · By KyaTax · 5 min read

Advance tax means paying your income tax as you earn, in instalments, rather than in one lump at year-end. It generally applies if your total tax liability for the year is ₹10,000 or more (after TDS).

Instalment schedule (Tax Year 2026-27)

Due date	Cumulative advance tax
15 June 2026	15%
15 September 2026	45%
15 December 2026	75%
15 March 2027	100%

Certain presumptive-scheme taxpayers pay the whole amount by 15 March. Salaried people whose TDS covers their liability usually need not pay advance tax — but income like capital gains, interest or freelance fees can create a shortfall.

Miss or underpay an instalment and interest under Sections 234B/234C applies. Estimate early, especially if you have non-salary income.

Important: This article is general information based on laws, notifications and public sources current as of August 2026. It is not legal, tax, accounting or professional advice or opinion, and must not be relied on for any decision. Tax and legal rules change frequently and their application depends on your specific facts. Please verify the latest position and connect with a KyaTax expert or your professional advisor before acting.

Rules change often and how they apply depends on your exact numbers and facts. Don't guess on your advance-tax instalments — get a qualified professional to review your case.

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Frequently asked questions

Who has to pay advance tax?

Broadly, anyone whose annual tax liability (after TDS) is ₹10,000 or more. Senior citizens without business income are generally exempt. Confirm for your case.

What if my income is uneven through the year?

Estimate conservatively and top up in later instalments; capital gains are accounted for in the instalment after they arise. A calculator or professional helps avoid 234C interest.

Is advance tax the same under the new Act?

The instalment framework continues; terminology uses "Tax Year 2026-27". Verify current dates before paying.