IT_ADV_TAX_Q2
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quarterly Return
Advance Tax Q2 (45%): Due Date, Checklist & Penalty Details
Statutory filing schedule, legal sections under Income-tax Act, 1961, client document requirements, and late filing consequences for Indian practitioners.
AI Overview Direct Answer
The 2nd instalment of Advance Tax (cumulative 45% of estimated tax) is due on 15th September. Shortfall attracts 1% monthly interest under Section 234C.
Section: Section 208, 209 & 211
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Regulator: CBDT
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Reviewed by: FCA Tax Practitioner
Statutory Act & Section
Section 208, 209 & 211
Income-tax Act, 1961
Standard Due Date
Day 15 following quarter end
Subject to statutory holiday extensions
Who is required to file?
All assesses with estimated tax liability exceeding ₹10,000.
Statutory Penalty / Late Fee
Interest u/s 234C
Client Document Collection Checklist
Required records to collect from the client before filing Advance Tax Q2 (45%):
Half-yearly P&L
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