Income Tax
Advance Tax
Definition
Quarterly prepayment of income tax if your estimated annual tax liability exceeds ₹10,000. Due in four instalments: June 15, September 15, December 15, and March 15.
Why founders care
Missing advance tax payments attracts interest at 1% per month on the shortfall. Many founders discover this only when filing their annual return — plan for it from Q1.
Related terms
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