Neutral impactCorporate Action
Advance tax September 15 deadline: Do salaried taxpayers need to pay? Rules, calculation and interest explained
Mint 1 hr ago·9 Sept 2026, 9:44 am
The September 15 deadline for advance tax payments is approaching. This is a key date for individuals who earn income from sources other than a regular salary, such as interest, rent, dividends, or profits from stocks and mutual funds. If your total tax liability for the financial year exceeds ₹10,000, you are required to pay this tax in installments rather than waiting until the end of the year.
This rule ensures the government receives revenue throughout the year. The tax is calculated based on your estimated total income for the year. If you miss this deadline, you may be charged interest on the unpaid amount. Investors should check their expected tax liability to ensure they meet this requirement and avoid penalties.
Excerpt from Mint
Advance tax deadline September 15, 2026 is approaching. Taxpayers with income from interest, rent, dividends, mutual funds, shares or freelance work may need to pay advance tax if their remaining tax liability exceeds ₹ 10,000. The second instalment of advance tax for the financial year 2026-27 is due on 15 September…Read the original at Mint
Key takeaways
- Category: Corporate Action.
- Assessed as a significant, market-relevant update.
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