Overview
What is Advance Tax Filing & Payment?
Advance Tax Filing & Payment in Prakasam District — in brief
Advance tax is income tax paid in quarterly instalments during the financial year itself, rather than as a lump sum at year-end. Under Section 208, any taxpayer whose estimated tax liability for the year exceeds ₹10,000 must pay advance tax in four instalments (June 15, September 15, December 15, March 15). Failure to pay or underpayment attracts interest under Section 234B (3% per month on shortfall) and Section 234C (1% per month on each instalment shortfall). For clients in Prakasam district, Andhra Pradesh, Lorven Tax handles every step online with CA review and status updates.
Reviewed by the Lorven Tax CA team · Last updated 31 Oct 2026
- Service category
- Taxation
- Typical timeline
- Quarterly — June 15, September 15, December 15, March 15
- Government fee
- ₹0 (no government fee; challan payment is the tax itself; penalties apply on shortfall)
- Professional fee
- Starts at ₹2,999
- Process
- 100% online, CA-reviewed
- Coverage
- Prakasam District (Prakasam district, Andhra Pradesh)
When this becomes important
- Before funding, a loan, a tender, an audit or major vendor onboarding
- When ownership, address, business activity or filing status changes
- After a notice, mismatch, portal query or department communication
What we verify before filing
- Legal name, PAN, address and authorised signatory consistency
- Thresholds, category rules, due dates and late-fee exposure
- Supporting documents, portal access and compliance history
- Income-tax jurisdiction
- Andhra Pradesh & Telangana region
Benefits
Why get Advance Tax Filing & Payment?
Avoid Section 234B interest of 1% per month on unpaid tax
Avoid Section 234C interest on each quarterly instalment shortfall
Accurate estimation prevents both underpayment and excess payment
Systematic quarterly payments improve cash-flow planning
Correct challan details ensure clean 26AS and AIS records
Senior citizens (65+) not having business income are exempt from advance tax
Eligibility
Who can apply?
- 1Any taxpayer with estimated tax liability above ₹10,000 after TDS
- 2Self-employed professionals, freelancers and consultants
- 3Businesses, companies and LLPs with active income
- 4Investors with capital gains or dividend income above threshold
What's included in our service
- Eligibility check and structure advisory
- Document checklist and application preparation
- Government portal filing and professional follow-up
- Post-approval compliance guidance
Checklist
Documents required
Exact documents vary by case — your CA shares a precise checklist after the first review call.
Process
How advance tax filing & payment works
- 1
Share your documents
Send KYC, business details and the required documents. We review eligibility and flag gaps before filing.
- 2
Preparation & CA review
Our team prepares the application, declarations and supporting records in the format the portal or authority requires.
- 3
Filing & follow-up
We file and track the ARN, SRN or acknowledgement, and respond to any objection, clarification or department query.
- 4
Certificate & compliance guide
You receive the certificate, acknowledgement or report, plus a checklist for renewals and recurring compliance.
Fees & timeline
Cost and time to expect
Confirmed in writing before work starts
₹0 (no government fee; challan payment is the tax itself; penalties apply on shortfall)
Subject to portal processing
What you receive
Advance Tax Filing & Payment completed with clean records, documented filings and a practical compliance calendar.
FAQs
Advance Tax Filing & Payment: frequently asked questions
Income-tax jurisdiction: Andhra Pradesh & Telangana region. Lorven Tax handles these state-specific steps for clients in Prakasam district, Andhra Pradesh.
Our professional fee starts at ₹2,999; government fees are charged at actuals. Call or WhatsApp +91 94921 37975 for the exact fee for your case.
Any individual, HUF, firm, company or other taxpayer whose estimated income tax liability for the year (after deducting TDS) exceeds ₹10,000 must pay advance tax. Senior citizens aged 60 and above who do not have income from business or profession are exempt from advance tax under Section 207.
For all taxpayers (other than presumptive income): 15% by June 15, 45% by September 15, 75% by December 15, and 100% by March 15. For presumptive income taxpayers under Section 44AD/44ADA, 100% is payable by March 15.
Missing or underpaying an advance tax instalment attracts interest under Section 234C at 1% per month on the shortfall for each instalment period. Additionally, if total advance tax paid is less than 90% of assessed tax, Section 234B interest of 1% per month applies from April 1 until the date of payment.
Advance Tax Filing & Payment typically takes Quarterly — June 15, September 15, December 15, March 15, subject to document readiness and government portal processing times.
Yes. We support advance tax filing & payment for clients in Prakasam district, Andhra Pradesh, including document review, portal filing, professional follow-up and post-completion guidance.
Most work is completed online through phone, WhatsApp, email and secure document sharing. If an authority requires a physical step, we tell you upfront and coordinate it.