FreeComplianceAdvance tax for companies: due dates and interest
A company must pay income tax during the year, not just at the end. If its estimated tax liability for the year is ₹10,000 or more, it pays advance tax in four instalments.
Instalments
| Due date | Cumulative tax to be paid |
|---|---|
| 15 June | 15% |
| 15 September | 45% |
| 15 December | 75% |
| 15 March | 100% |
Tax deducted at source by your customers counts towards advance tax. Pay through challan on the Income-tax portal using the company's PAN.
Interest for shortfall
- Deferment of instalments: simple interest at 1% per month on the shortfall in each instalment.
- Shortfall at year end: if advance tax paid is less than 90% of assessed tax, interest at 1% per month from April until the tax is paid.
Startups with lumpy revenue should re-estimate before each instalment rather than guessing once in June.
Note on the new Act
Frequently asked questions
This guide is general information, not legal advice. Government fees and procedures change; confirm current figures before you file.
- Income tax rates for companies in India
Corporate tax rates for Indian companies: the normal regime, the concessional 22% regime, surcharge, cess, and how to choose.
- ITR-6: filing a company's income-tax return
Who files ITR-6, due dates, what information it needs, digital signature requirement, and consequences of late filing.
- Annual compliance checklist for a private limited company
The yearly filings a private limited company in India must make: AOC-4, MGT-7, ADT-1, DPT-3, MSME-1, ITR, plus DIR-3 KYC every three years.