If you pay tax in India, then this video is very important for you. The last date for the third installment of Advance Tax is 15 December 2025, and missing it can put you in huge loss. It is mandatory for those whose annual tax liability is more than ₹ 10,000 to pay advance tax. In case of delay, 1% interest as well as penalty has to be paid every month. Instead of paying the tax for the entire year at once, it is deposited in different installments, so that the tax burden remains light and the government gets revenue on time. TDS of salaried people keeps getting deducted, so they only have to pay the remaining shortfall. But if your income is from interest, rent, capital gains, freelancing, business or profession, then advance tax is necessary.
Taxpayers beware! Advance Tax last date nears – if not paid then loss is sure. Money Live | Taxpayers beware! The advance tax deadline is near—failing to pay will result in a loss.
