This is to inform you that the due date for Advance Income Tax for the FIRST Quarter of FY 2025-2…

This is to inform you that the due date for Advance Income Tax for the FIRST Quarter of FY 2025-26 (AY 2026-27), in case of CORPORATE & EVEN NON- CORPORATE ASSESSEES, is 15th June 2025 (Sun), which is 10 days from now.

Kindly deposit the same accordingly in order to avoid payment of interest on late deposit. 1. Advance Income Tax Provisions come in place in case your total estimated tax- liability NET OF TDS is expected to exceed Rs.10,000/- for the year. But no advance tax liability for resident senior citizens (of the age of 60 years or above at any time during the relevant financial year), in case there's no income under the head "Profit & Gains from Business or Profession". 2. Amount to be deposited NOW should cover 15% of your Annual Tax Liability (after TDS), as per the following table : Due Date of Installment Amount Payable On or before 15th June 15% of Advance Tax On or before 15th September 45% of Advance Tax On or before 15th December 75% of Advance Tax On or before 15th March 100% of Advance Tax 3. Also, MAT rate for AY 2026-27 is 15% (In case you've not opted to new regime till now). 4. Presumptive Taxation: In respect of assessees whose businesses are eligible for calculating net profit @8% on gross receipts/ turnover (provided total turnover doesn't exceed Rs.2.0* Crores) u/s 44AD of the Income Tax Act, they are required to pay 100% of the tax due on such income, on or before 15th March 2026.