Neutral impactEconomy
Salary + Stock Profit + FD Interest: Do You Need To Pay Advance Tax By Sept 15?
NDTV Profit 2 hrs ago·13 Sept 2026, 5:30 am
Advance tax is a quarterly payment system where taxpayers estimate their total annual income tax liability and pay it in installments throughout the year. The September 15 deadline is particularly important because it requires you to have paid 45% of your total estimated tax liability for the financial year. This deadline applies to all salaried individuals, freelancers, and business owners who have income from sources other than salary, such as dividends, interest from Fixed Deposits (FDs), or profits from selling stocks.
Missing this deadline can lead to a penalty of 1% per month on the unpaid amount, which can significantly increase your tax burden. For investors, this means that profits from stock market gains, dividends, or interest earned on FDs must be factored into your advance tax calculations. Investors should review their investment portfolio and income sources to ensure they meet the 45% threshold by the deadline to avoid penalties.
Key takeaways
- Category: Economy.
Why it matters
A routine update. Use the price and stock snapshot to gauge how the market is responding.
