An individual who does not declare income under a presumptive scheme is liable to pay advance tax for tax year 2026-27. Under section 408(1) of the Income-tax Act, 2025, at least what share of that…

The Table in section 408(1) of the Income-tax Act, 2025 requires advance tax to be paid during the financial year in four instalments: not less than 15% by 15 June, 45% by 15 September, 75% by 15 December and the whole by 15 March, each reduced by what was paid earlier. 45% is the cumulative figure for the September instalment. An assessee declaring presumptive income under section 58(2) instead pays the whole by 15 March under section 408(2).