⚠ *ADVANCE TAX – Q3 DUE DATE ALERT* ⚠
📅 *Due Date: 15 December*
Advance Tax for *Quarter 3* is mandatory for taxpayers whose total tax liability for the financial year exceeds *₹10,000*.
### 📌 Who Needs to Pay Advance Tax?
- Business owners & professionals
- Freelancers & consultants
- Individuals with multiple income sources
- Companies & LLPs
- Taxpayers earning income other than salary (capital gains, interest, rent, etc.)
### 💰 How Much Tax Is Payable by Q3?
By *15 December, at least **75% of the total estimated tax liability* for the year must be paid.
*Payment Schedule Snapshot:* • 15 June – 15% • 15 September – 45% • *15 December – 75%* • 15 March – 100%
### 🚨 Consequences of Late / Non-Payment
❌ Interest under *Section 234B & 234C* ❌ Additional financial burden ❌ Cash flow disruption at year-end ❌ Increased scrutiny during assessment
### ✅ Important Tips
- Re-estimate your annual income before payment
- Consider capital gains or additional income earned till date
- Pay using correct challan (ITNS 280)
- Keep payment proof for records
📞 *Need help with Advance Tax calculation or payment?* Get expert assistance and avoid unnecessary interest.
Team VVityabazar – Your Trusted Tax Advisors +91 8376011028
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