New Delhi, Dec. 15 -- The third instalment of advance tax for the financial year 2025-26 (assessment year 2026-27) is due on Monday, 15 December 2025. In simple terms, if you earn income beyond salary, such as from freelancing, business, rent, or investments, and your total tax bill crosses Rs.10,000, you are required to make this advance payment by today to avoid interest charges later. The tax is expected to be paid in advance through scheduled instalments.

Advance tax is payable by both salaried and non-salaried people. While salaried individuals typically pay it through monthly Tax Deducted at Source (TDS), advance tax becomes necessary if the TDS falls short.

Advance tax for individuals is paid in four instalments spread across the...