What are the important dates for advance tax payments?

Advance tax payment is the process of paying your estimated tax on income earned in a financial year, before the end of the year. It is paid in 4 installments. 

The schedule for advance tax payment for individuals and corporate assessees is as follows:

Due Date
Advance Tax (% of estimated annual income tax) 
On or before 15th June
On or before 15th September 
On or before 15th December 
On or before 15th March

If you miss the payment due date, interest will be levied as per Sections 234B and 234C of the Income Tax Act

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