Advance tax is payable in instalments through the year. By 15 December, cumulative payments should reach 75% of the estimated tax liability for the year.
Who should review now
Businesses with uneven income, professionals, investors with large capital gains and salaried individuals with substantial other income should revisit their estimates before the due date.
This article is for general information and does not constitute professional advice. Laws and rates may have changed since publication.Speak to us about your specific situation.