Advance tax Installment due to be paid on or before 15th December 2012.
|On or before 15th December 2012||3rd Installment – 75% of tax on total income for the year less advance tax
|On or before 15th December 2012||2nd Installment – 60% of tax on total income for the year less advance tax
It seems that the deadline for the payment of advance tax is nearing fast, hence it is suggested that tax on estimated income need to be paid by 15th of December to avoid interest. So you are suppose to make a planning of your income, compute income tax on income earned and make advance tax payment within due date.