Advance Tax Deadline 15 Sept 2025: Avoid Interest Charges Under Sections 234B and 234C
15 September 2025Saloni Kumari
Advance Tax Deadline 15 Sept 2025: Avoid Interest Charges Under Sections 234B and 234C
The due date to submit the second instalment of advance tax for the financial year 2025-26 (assessment year 2026-27) is September 15, 2025. Every taxpayer whose tax liability for a financial year is more than Rs. 10,000 is required to pay advance tax in instalments.
Missing the deadline for advance tax submission will not only increase your financial burden but can also lead to interest charges under Sections 234B and 234C of the Income Tax Act.