How much advance tax is due by 15 September on a ₹50,000 liability?
For a ₹50,000 total tax liability, the cumulative advance tax due by 15 September is about ₹22,500 (45% of the total).
What is advance tax?
If your total tax liability for the year exceeds ₹10,000, you must pay advance tax in instalments: 15% by 15 June, 45% (cumulative) by 15 September, 75% (cumulative) by 15 December, and 100% by 15 March, to avoid interest under Sections 234B and 234C.