Let’s simplify the process for you step by step.

What is Advance Tax and Who Should Pay It?

Advance Tax means paying your tax in instalments as you earn, rather than waiting till the end of the year.

You need to pay Advance Tax if:

• You earn income from salary plus other sources like rent, capital gains, or interest.

• You are a business owner or professional.

• You are an NRI earning income in India.

Exemption: Senior citizens above 60 years, who don’t have business income, are not required to pay Advance Tax.

Advance Tax Payment Deadlines

Mark your calendar with these important dates:

• 15th June – Pay at least 15% of total tax

• 15th September – Pay up to 45% of total tax

• 15th December – Pay up to 75% of total tax

• 15th March – Pay full 100% of tax liability

Missing these deadlines can invite interest under Section 234B & 234C.

Step-by-Step Guide: How to Pay Advance Tax Online

1. Visit the Income Tax Portal
   
   Open
   incometax.gov.in
   – the official e-filing portal.

2. Login with PAN/Aadhaar
   Enter your PAN/Aadhaar, password, and captcha to log in.

3. Select e-Pay Tax
   Go to ‘e-File’ → ‘e-Pay Tax’.

4. Choose Advance Tax

   • Click ‘New Payment’

   • Select Income Tax → Advance Tax (100)

   • Click Proceed

5. Enter Tax Details

   • Choose the correct Assessment Year (for FY 2024-25, select AY 2025-26).

   • Enter the amount of tax payable.

6. Pick Payment Method

   • Net Banking

   • Debit Card

   • UPI

   • NEFT/RTGS

   • Payment Gateway

7. Confirm & Pay
   Double-check details before confirming.

8. Save Challan 280
   Once payment is successful, a Challan 280 receipt with CIN (Challan Identification Number) will be generated. Save and download it for future reference.

Why Paying Advance Tax Online is Beneficial

• Convenience at your fingertips – pay anytime, anywhere.

• Avoid penalties – stay ahead of deadlines.

• Stress-free ITR filing – no last-minute tax burden.

• Better financial planning – easy cash flow management.

Pro-Tips Before You Pay

• Estimate your income using Form 26AS, AIS, and salary slips.

• Avoid underpayment – penalties can be heavy.

• Overpaid tax? Don’t worry – it will be adjusted or refunded.

• Keep challan receipts safe for smooth ITR filing.

Final Word

Advance Tax is not complicated if you follow the right steps. The Income Tax Portal has made online payments smooth, fast, and secure. By paying your instalments on time, you avoid penalties, stay compliant, and ensure a stress-free tax filing experience.

Created & Posted by Navneet Kumar

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