Find
Yes, if tax for the year after TDS is ₹10,000 or more. Instalments are due by 15 June, 15 September, 15 December and 15 March; shortfalls attract interest under Sec 234B and 234C (now Sec 424 and 425).
ITR
Advance tax for traders and business owners
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Provisions
Sec 211, Income-tax Act 1961 (now Sec 408, Income-tax Act 2025); Sec 234B, Income-tax Act 1961 (now Sec 424, Income-tax Act 2025); Sec 234C, Income-tax Act 1961 (now Sec 425, Income-tax Act 2025)
Analysis
Traders often earn unevenly, so pay when profits arise. Example: a big F&O profit in January 2026 with tax of ₹60,000; paying it by 15 March 2026 limits Sec 234C interest, and avoids Sec 234B interest. For tax year 2026-27 the same schedule applies under Sec 408 of the Income-tax Act 2025.
Close
- Estimate yearly income each quarter
- Pay the cumulative instalment by each date
- Pay extra in the quarter big profits come
- Enter challans in the return
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