Advance Tax Payment Procedure — Tax Year 2026-27

The new Income Tax Act, 2025 eliminates the concept of Assessment Year (AY) and Financial Year (FY). From now on, there will be a single “Tax Year” that aligns with the Financial Year.

1. Login to your Income Tax portal using your login credentials: eportal.incometax.gov.in
2. Click on “e-File” and select “e-Pay Tax” (available on the top blue ribbon)
3. Select Applicable Income Tax Act — Income Tax Act, 2025 and click “Continue”
4. Click on “+ New Payment” (available on the top right side)
5. Click on “Proceed” in the Income-tax box
6. Select Tax Year “2026-27” and Type of payment “Advance Tax (100)”
7. Enter the entire amount of tax payable against “(a) Tax” and click Continue
8. Select the Bank and make payment
9. Once the payment is made, the challan will be available for download on the income tax website