Due Dates Advance Tax — Q1 Installment (15% by 15 June)
Advance Tax — Q1 Installment (15% by 15 June)
Income-tax Act 2025 (from tax year 2026-27) and Income Tax Act 1961 (tax years before 1 Apr 2026, s.536(2) ITA 2025)
First advance tax installment: 15% of estimated total tax for the year. Due 15 June.
Due dates and late fees
| FY | Due Date | Late Fee | Note |
|---|---|---|---|
| FY 2024-25 | 15 June 2024 | s.234C: 1% p.m. for 3 months on installment shortfall | 15% of estimated tax for AY 2025-26 |
| FY 2025-26Current | 15 June 2025 | s.234C: 1% p.m. × 3 months on shortfall | 15% of estimated tax for AY 2026-27 |
| FY 2026-27 | 15 June 2026 | 1% p.m. × 3 months — as specified under s.425, Income-tax Act 2025 (earlier s.234C, Income Tax Act 1961) | 15% of estimated tax for AY 2027-28 |
FY-specific notes
FY 2024-25: 15% of estimated tax for AY 2025-26
FY 2025-26: 15% of estimated tax for AY 2026-27
FY 2026-27: 15% of estimated tax for AY 2027-28
Late fee calculator
Calculate the related statutory fee for this obligation.
Section 234C — Interest for Deferment of Advance Tax Installments →