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15th September : Due Date to Pay Second Instalment of Advance Tax

Updated on: 03 Feb, 2025 07:25 PM

The due date to pay the second instalment of Advance Tax is just around the corner, i.e. 15th September 2016 for both individuals and corporate taxpayers. From F.Y. 2016-17, the provisions of Advance Tax for individuals have been made similar to that of corporate taxpayers.

Advance Tax is payable as follows by both individuals and corporate taxpayers:

Due Date Advance Tax payable (%)
On or before 15th June 15% of the advance tax
On or before 15th September 45% of the advance tax
On or before 15th December 75% of the advance tax
On or before 15th March 100% of the advance tax

To understand Advance Tax in detail, read our blog Advance Tax What? Why? When?