---
tags: FAQs
title: How to Pay Advance Tax
description: You have some advanced tax liability, but you don\'t know how to pay it so it shows up in your 26AS. Read more
breaks: false
---

# Introduction

Income tax is generally deducted _at source_ by the entity (employer, banks etc.) making a payment to the taxpayer in any form (salary, interest, income from profession etc.).

This is known as TDS (**T**ax **D**educted at **S**ource) and is generally reflected in Form 26AS every financial year/ assessment year.

The taxpayer may have other sources of income on which no tax has been deducted.

Examples include:

- Capital Gains from sale of stocks or mutual fund units.
- Rental income.
- Freelance/business income.

In such cases, the responsibility lies on the taxpayer to compute his/her tax liability in advance and pay it to the government directly.

This advance tax liability is based on the income realized and is payable to the government based on due dates from the income tax department

# When to pay the Advance Tax

It is generally to be paid on a quarterly basis. The tax must be computed and paid based on the tax slab to which the taxpayer belongs if the overall tax liability is greater than ₹10000.

| Due Date | Tax payable |
| -------- | -------- |
| On or before 15th June | 15% of liability
|On or before 15th September|45% of liability minus tax already paid
|On or before 15th December|75% of liability minus tax already paid
|On or before 15th March|100% of liability minus tax already paid|

### Note

* For freelancers and other non-salaried professionals, 100% of tax must be paid on or before 15th March.
* If advance tax is not paid, interest may be charged on the tax liability under sections 234B and 234C of the Income Tax Act.
* For senior citizen (more than 75yrs), if only pension and income from bank intest are only the 2 sources of income, the bank will deduct the TDS and no need to file ITR

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# Steps for Payment

1. Visit the tax information network portal of the income tax department
https://www.incometaxindia.gov.in/Pages/tax-services/pay-tax-online.aspx
2. Click on Challan No./ITNS 280 section

3. Select (0021) Income Tax (Other than companies) under Tax Applicable.
4. Select (100) Advance Tax under Type of Payment.

6. Select the mode of payment, enter your PAN, assessment year and other details.
7. Make the payment and keep a copy of the tax receipt/challan which has details such as BSR Code, Tender Date, Challan No. etc (sample below).

9. This will be useful at the time of filing of tax returns where details of advance tax paid should be entered.

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### References
* [https://cleartax.in/s/advance-tax](https://archive.is/ItQwE)
* [https://cleartax.in/s/pay-income-tax-due](https://archive.is/SBJze)