Advance Tax First Instalment June 2026 — Who Must Pay | Future Tax

Income tax — extended guidance

Indian income tax applies to salary, business profit, capital gains, house property, and other sources. The financial year runs April to March; returns are filed in the assessment year that follows. Form 26AS and AIS must match your return.

Old vs new tax regime

The new regime offers lower slab rates but fewer deductions. Salaried employees should compare both using Form 16 and HRA, 80C, and 80D claims under the old regime. Our income tax calculator gives a quick estimate.

TDS and advance tax

Employers deduct TDS on salary; businesses may need quarterly TDS returns and advance tax instalments. Missing advance tax attracts interest even if the final ITR shows a refund.

Coimbatore ITR support

We prepare ITR for individuals and businesses, reconcile AIS mismatches, and e-verify on your behalf. See our income tax services and ITR checklist.