Advance tax deadline March 15, 2025: These salaried individuals don’t need to pay the advance tax un

Deepa Sheth - Associate Partner - Corporate Tax

Advance tax has to be paid by taxpayers who have a total tax liability above Rs 10,000 in a given financial year. However, salaried individuals whose employer deducts the correct amount of TDS from salary don’t need to pay advance tax. The stress is on the word “correct”, because experts say many salaried individuals struggle with huge interest under Section 234C and 234B (in some cases) due to non-payment of advance tax on time, and this may happen despite TDS being deducted by the employer.
Read below to know what salaried individuals should note about advance tax and how to pay it off without attracting Section 234C and 234B interest.

What is the due date to pay advance tax?

The due date to pay the last quarterly installment of advance tax for FY 2024-25 is March 15, 2025.
According to the Income-tax Act 1961, the due date schedule to pay advance tax are as follows:

Due Date	Advance tax payment percentage
On or before June 15 (Q1)	15% of the net estimated tax liability
On or before September 15 (Q2)	45% of the net estimated tax liability minus advance tax already paid
On or before December 15 (Q3)	75% of the net estimated tax minus advance tax already paid
On or before March 15 (Q4)	100% of net estimated tax minus advance tax already paid

Source:- Economic Times