India, June 15 -- Advance Tax Deadline FY 2026-27: If your total tax liability is more than Rs.10,000 in a financial year, the Income Tax Department kind of expects you to stay ahead of the curve by paying advance tax, and the first instalment is due today, June 15, 2026 (evening). Missing it doesn't only push back compliance, it may also lead to interest charges under the Income-tax Act. So basically, what is advance tax? In a simple way, it is the government's "pay-as-you-earn" approach. Rather than waiting till the end of the financial year to clear your tax dues in one single go, you pay in instalments across the year. It comes into play once your total tax payable, after adjusting TDS, goes beyond Rs.10,000.

Think about it like keep...