Advance Tax Final Instalment Due March 15, 2026.

Advance Tax Final Instalment Due March 15, 2026. Taxpayers must pay the fourth and final advance tax instalment for financial year 2025–26 by Sunday, March 15, 2026. This mandatory payment applies to individuals whose remaining tax liability after accounting for TDS, TCS, and tax credits equals or exceeds ten thousand rupees. The advance tax system operates on a pay-as-you-earn basis, requiring estimated tax payments throughout the financial year rather than lump sum payments at return filing. Freelancers, consultants, rental income earners, and those with capital gains from asset sales must comply. Even salaried individuals may need to pay if they have additional income not fully covered by deductions, including stock sales, cryptocurrency gains, and rental income. Senior citizens aged sixty and above without business income are exempt.