September 15, December 15 and March 15:
advance tax payment schedule
If your salary is your only source of income, chances are your employer is already deducting advance tax at source. But if you have income from other sources, you may need to pay advance tax in instalments. For instance, if your total tax liability for the year on income from salary, house property, capital gains or other sources is Rs 10,000, you should pay Rs 3,000 in advance tax by September 15, an additional Rs 3,000 by December 15, and the balance Rs 4,000 by March 15. While computing your advance tax liability, you must factor in the tax deducted at source by your employer (and anyone else who made payments to you during the year).