When do you pay income tax?

You must pay income tax by the prescribed due dates for the relevant financial year to avoid penalties and interest. For FY 2025-26 (AY 2026-27), the standard deadlines are:

• 31st July 2026: For individuals and HUFs not requiring a tax audit.
• 31st August 2026: For non-audit taxpayers with income from business or profession.
• 31st October 2026: For taxpayers requiring a tax audit.
• 30th November 2026: For those needing a transfer pricing report.

Additionally, advance tax must be paid in four installments throughout the year if your tax liability exceeds Rs 10,000.