Advance Tax (Q2) Due Date — Filing Calendar 2026-27
Due Date
15th September each year
What is Advance Tax (Q2)?
Advance Tax Q2 is the second quarterly installment of advance income tax, due by 15th September. By this date, the cumulative advance tax paid must reach at least 45% of the estimated annual tax liability. It helps distribute the tax payment burden over the year.
Who files it?
All taxpayers with estimated tax liability of ₹10,000 or more (excluding senior citizens without business income and fully TDS-covered salaried individuals). The Q2 payment must bring the cumulative advance tax to 45% of the annual estimate.
Frequently Asked Questions — Advance Tax (Q2)
What is the due date for Advance Tax Q2 (FY 2026-27)?
The due date for Advance Tax Q2 is 15th September 2026. Cumulative advance tax must be at least 45% of estimated annual liability by this date.
What if I overpaid in Q1 and Q2?
Excess advance tax paid will be reflected as credit and can reduce the amount due in Q3 and Q4. If total advance tax paid exceeds your final tax liability, the excess will be refunded with interest at 6% per annum.
How is advance tax paid?
Advance tax is paid online via the Income Tax portal using Challan 280 (for individuals and non-corporate taxpayers) or Challan 280 (for companies). Net banking and debit card payments are supported.
Can I revise my advance tax estimate after Q2?
Yes. You can revise your income estimate and adjust the Q3 and Q4 payments accordingly. There is no penalty for revising estimates, as long as the required cumulative percentages are met by each due date.
Related Deadlines
Advance Tax (Q1)
Advance Tax Q1 due date is 15th June. Pay 15% of estimated annual tax liability by 15th June to avoid interest under Section 234C for FY 2026-27.
Advance Tax (Q3)
Advance Tax Q3 due date is 15th December. Pay cumulative 75% of estimated tax by 15th December to avoid Section 234C interest for FY 2026-27.
Advance Tax (Q4)
Advance Tax Q4 due date is 15th March. Pay 100% of estimated tax by 15th March to avoid Section 234B interest for FY 2026-27.
Income Tax Return
ITR due date for non-audit cases is 31st July 2026. Income tax return filing deadline, late fees under 234F, and interest for FY 2025-26.