New Delhi, Sept. 15 -- September 15 is a key date for all taxpayers in India, with ITR filing deadline and Advance tax deadline clashing today. Many taxpayers in India have to pay their advance tax today, as the deadline in 15 September.

Failing to pay advance tax within the deadline can attract a penalty, according to the income tax department.

Taxpayers whose tax liability exceeds Rs.10,000 for the year are required to pay advance taxes in instalments, according to the I-T Department. This helps the government collect income tax throughout the year, while also making it easier for taxpayers manage their outflows and avoid paying a large sum for the rest of the year.

Salaried individuals often get their advance tax payment made throug...