Incorrect or delayed payments can attract interest penalties under Sections 234B and 234C of the Income Tax Act.
Our Penalty Avoidance & Tax Compliance Service ensures individuals make accurate and timely payments protecting you from unnecessary financial penalties and compliance risks.
Reminders and scheduling for all advance tax due dates
Regular calculations based on:
Section | Scenario | Interest Rate & Basis |
---|---|---|
Section 234B | Failure to pay 90% of total tax by 31st March 2026 | 1% per month till payment date |
Section 234C | Delay or shortfall in quarterly installment payments | 1% per month for 3 months (per shortfall) |
Quarter Ending | Due Date | Minimum Cumulative Tax Payable |
---|---|---|
Q1 | 15th June 2025 | 15% of estimated liability |
Q2 | 15th September 2025 | 45% of estimated liability |
Q3 | 15th December 2025 | 75% of estimated liability |
Q4 | 15th March 2026 | 100% of estimated liability |
Particulars | Amount (₹) |
---|---|
Total Estimated Tax Liability | 2,00,000 |
TDS Available | 1,00,000 |
Net Advance Tax to be Paid | 1,00,000 |
Particulars | Amount to be Paid |
---|---|
15th June 2025 | ₹15,000 |
15th September 2025 | ₹30,000 (Cumulative ₹45,000) |
15th December 2025 | ₹30,000 (Cumulative ₹75,000) |
15th March 2026 | ₹25,000 (Cumulative ₹1,00,000) |
Note: If payments are missed or short-paid, interests under Sections 234B and 234C apply.
With our Penalty Avoidance & Tax Compliance Service, individuals can stay organized, pay accurately, and enjoy peace of mind during tax season.