Pay advance tax in four installments if your tax liability exceeds ₹10,000; missing deadlines leads to interest under Sections 234B and 234C.
This infographic explains how to pay advance tax and avoid penalties. Individuals, businesses, and professionals with tax liability over ₹10,000 must pay advance tax in four installments: 15% by June 15, 45% by September 15, 75% by December 15, and 100% by March 15. Calculate your total income, deduct eligible expenses, subtract TDS, and pay the balance online via the Income Tax portal or offline using Challan 280. Missing payments attracts interest under Sections 234B and 234C, so timely compliance is essential for avoiding extra costs14567810
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