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Hurry up, today’s the last date to pay the second instalment of Advance Tax!

Updated on: 08 Aug, 2023 12:17 PM

Today, i.e. 15th September 2016 is the last day to pay the second instalment of Advance Tax 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?

CA Abhishek Soni
CA Abhishek Soni

Abhishek Soni is a Chartered Accountant by profession & entrepreneur by passion. He is the co-founder & CEO of Tax2Win.in. Tax2win is amongst the top 25 emerging startups of Asia and authorized ERI by the Income Tax Department. In the past, he worked in EY and comes with wide industry experience from telecom, retail to manufacturing to entertainment where he has handled various national and international assignments.