How to Pay Advance Tax Online or Offline (FY 2024-25)

How to Pay Advance Tax: The procedure to deposit advance tax is similar to income tax. Advance tax is itself an income tax. We call it advance tax as we deposit in in advance before the due date of income tax. So the procedure is the same as income tax. After calculation of advance tax, you can deposit advance tax offline or online. 

👉 Advance Tax Payment Online or Offline

Topic Details
Overview Advance tax is an income tax paid in advance before the due date. It can be deposited online or offline.
✅Online Payment Procedure – All assessees can deposit advance tax electronically.
– Mandatory for companies and audited assessees.
– Use CHALLAN NO./ITNS 280 for payment.
– Pay via credit card, debit card, or internet banking.
– Fill challan online with name, address, PAN, and other details.
✅Offline Payment Procedure – Fill CHALLAN NO. 280 and deposit it along with the tax at an authorized bank branch.
– Include name, address, PAN, assessment year, assessing officer’s ward/circle, tax amount, and surcharge details.
✅Due Dates for Advance Tax – 15% by 15th June (1st Installment)
– 45% by 15th September (2nd Installment)
– 75% by 15th December (3rd Installment)
– 100% by 15th March (4th Installment)
– Presumptive taxation scheme assessees under section 44AD & 44ADA must pay 100% by 15th March.
✅Important Notes – Business/professional assessees under u/s 44AD or 44ADA must deposit the entire advance tax by 15th March.
– Any amount paid by 31st March is considered advance tax for that financial year.
– If the due date falls on a bank holiday, payment can be made on the next working day without interest penalties under sections 234B and 234C.
Significance of Payment Date – Date of payment is crucial for installment calculation and interest computation for delays.
– Payment by cheque is deemed made on the date tendered, provided it is not dishonoured.

👉 Online Procedure to Deposit Advance Tax

Online Payment of Advance Tax F.Y.2024-25: All assessees may deposit advance tax electronically. There are no restrictions for any person for depositing online advance tax. But for some assessees, an online deposit of advance tax is mandatory like companies and assesses whose accounts are audited.

Deposit Advance Tax Online – Visit HereUse CHALLAN NO./ITNS 280 for Payment of Advance TAx

  • You can deposit advance tax online by credit card or debit card or by internet banking.
  • You can deposit advance tax through your own account or you can use another bank account. But you have to fill challan no. 280 online clearly by stating your own name, address, PAN and other details properly.

👉 Offline Procedure to Deposit Advance Tax

Offline Payment of Advance Tax for F.Y. 2024-25: You have to fill up challan No.280 and deposit advance tax instalment along with Challan No.280 in any authorized bank branch.

You should write your name in the full, complete address, permanent account number, assessment year, assessing officer’s ward or circle where the assessee is assessed or assessable and the amount of tax and surcharge, if any, separately and properly.

👉 Date of Payment of Advance Tax

Due Dates for Advance Tax Payment Online or Offline: The date of payment of tax is important not only for the purpose of reckoning the payment towards the relevant advance tax instalment but also for the purpose of computing interest for delay if any. If the payment is made by a cheque along with the challan into the Government treasury or the bankers authorized to collect Government receipts, and if the cheque is not dishonoured later, it shall be deemed that payment has been made on the date the cheque was so tendered.

For F.Y.2024-25/A.Y.2025-26

Advance Tax Installment Due Dates
15% of Advance Tax 1st Installment 15th June
45% of Advance Tax 2nd Installment 15th September
75% of Advance Tax 3rd Installment 15th December
100% of Advance Tax 4th Installment 15th March
The taxpayers who have opted for presumptive taxation scheme under section 44AD & 44ADA Business income can pay 100% of advance tax on or before 15th March. 

Important Notes

  • Business/professional assessees declaring income under the estimated income scheme u/s 44AD or 44ADA shall be required to deposit the whole of advance tax by 15th March of the financial year.
  • Any amount deposited by 31st March is treated as advance tax for that financial year.
  • If the last day for payment of any instalment of advance tax is a day on which the receiving bank is closed, the assessee can make the payment on the next immediately following working day, and in such cases, the mandatory interest liable u/s 234B and 234C would not be charged.

So from above, it is clear that timely payment of advance tax is very important for you as it levied interest on late or non-payment of advance tax. So deposit your advance tax and save your penal interest. If you would like to clear your confusion about advance tax payment please comment via the comment form given below. We will try to solve your queries within 24 hours time.

4 thoughts on “How to Pay Advance Tax Online or Offline (FY 2024-25)”

  1. Hello

    I had an income of Rs. 1,00,000/- additional to my salary and declared it to my employer, but they failed to deduct the tax due on it. Consequently, no tax on that amount has been deposited with govt. Could you suggest how I can minimize the penal interest now? Specifically, can I deposit approximately Rs. 31,000/- now as Advance Tax for F.Y. 2015-16?

    Thanks in anticipation. Best regards,

    Reply
    • You have to pay interest for late payment of the tax. Moreover, it is not advance tax but self assessment tax as it is being paid after 31st March 2016. Calculate the same and show it separately in the challan.

      Reply
  2. I WANT TO MAKE PAYMENT TAX THROUGH NET BANKING WHAT I SHOULD SELECT A.Y 2015-1016 WHICH NOT TAKEN ON LINE PLEASE GUIDE. I AM SENIOR CITIZEN

    Reply
    • Since the FY 2014-15 for the AY 2015-16 is already over by 31st March 2015, Any tax paid now becomes self assessment tax and not advance tax. So please select SAS as your option and make the required payment by adding interest on it.

      Reply

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