Total Tax Liability
₹ 1,30,000.00
Less: TDS / TCS Paid
₹ 30,000.00
Net Advance Tax Payable
₹ 1,00,000.00
| Due Date |
Cumulative % |
Installment Due (₹) |
| 15 June |
15% |
₹ 15,000.00 |
| 15 September |
45% |
₹ 30,000.00 |
| 15 December |
75% |
₹ 30,000.00 |
| 15 March |
100% |
₹ 25,000.00 |
Total Payable Advance Tax
₹ 1,00,000.00
About the Advance Tax Calculator
Our free Advance Tax Calculator helps individuals, freelancers, and businesses estimate their total income tax liability and map out precise quarterly installment schedules. By calculating your payments ahead of time, you can easily stay compliant with Indian tax regulations and avoid penalties.
Who Needs to Pay Advance Tax?
Under the Indian Income Tax Act, if your total tax liability after accounting for TDS (Tax Deducted at Source) exceeds ₹10,000 in a financial year, you are required to pay advance tax in quarterly installments.
Quarterly Installment Due Dates
Advance tax is paid across four specific deadlines during the financial year:
- By June 15: At least 15% of the total tax liability
- By September 15: At least 45% of the total tax liability
- By December 15: At least 75% of the total tax liability
- By March 15: 100% of the total tax liability
Frequently Asked Questions (FAQs)
Who is exempt from paying advance tax?
Resident senior citizens (aged 60 years or older) who do not have any income from business or profession are exempt from paying advance tax.
What happens if I miss an advance tax deadline?
If you fail to pay advance tax or pay less than the required percentage, interest under sections 234B and 234C of the Income Tax Act will be levied at 1% per month on the shortfall amount.
Can salaried individuals have advance tax liability?
Typically, salary income is subject to TDS deducted directly by the employer. However, if you have substantial additional income from capital gains, interest, rent, or freelancing where TDS is not fully covered, you may need to pay advance tax.
How do I pay my advance tax online?
You can easily pay advance tax online through the official Income Tax e-Filing portal using the e-Pay Tax facility via net banking, UPI, credit/debit card, or net banking.
