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Advance Tax Calculator (India)
Advance Tax Due Dates
Advance Tax Installment Schedule
Detailed Installment Schedule
| Due Date | Percentage | Installment Amount (₹) | Cumulative Amount (₹) |
|---|---|---|---|
| 15-Jun | 15% | ₹37,500 | ₹37,500 |
| 15-Sep | 45% | ₹75,000 | ₹1,12,500 |
| 15-Dec | 75% | ₹75,000 | ₹1,87,500 |
| 15-Mar | 100% | ₹62,500 | ₹2,50,000 |
How Advance Tax Works?
Advance tax is the tax paid in advance instead of paying lump sum at the end of the financial year. It's mandatory for individuals whose tax liability exceeds ₹10,000 in a financial year.
- Who must pay: Individuals with tax liability over ₹10,000 after TDS deduction.
- Installments: Pay in 4 quarterly installments on specified due dates.
- Penalty: Interest of 1% per month charged for delay or shortfall in payment.
Use this calculator to plan your advance tax payments and avoid penalties. The amounts shown are estimates based on simplified calculations.
Who Needs to Pay Advance Tax?
Advance tax is income tax paid in instalments during the financial year instead of as one lump sum after it ends. It applies to salaried individuals, freelancers, business owners and anyone else whose estimated tax liability (after TDS) exceeds ₹10,000 in a year, helping you avoid interest and cash-flow surprises at year-end.
How This Calculator Works
Balance Tax Payable = Estimated Tax Liability − TDS Deducted − Tax Already Paid. That balance is then split into the four statutory instalments shown above: 15% by 15th June, 45% (cumulative) by 15th September, 75% (cumulative) by 15th December, and 100% by 15th March.
Missing an instalment or paying less than required can attract interest under Sections 234B and 234C of the Income Tax Act. Tax rules and due dates can change, so always verify current figures on the official Income Tax Department portal or with a tax professional before making a payment.
Advance Tax Calculator FAQs
Who is required to pay advance tax?
Any taxpayer — salaried, self-employed, freelancer or business owner — whose total tax liability for the year, after subtracting TDS, is expected to exceed ₹10,000 must pay advance tax in instalments during the year itself.
What are the advance tax due dates and percentages?
Cumulative advance tax is due as 15% of the annual liability by 15th June, 45% by 15th September, 75% by 15th December, and 100% by 15th March of the financial year.
What happens if I miss an advance tax instalment?
Delayed or short payment of advance tax attracts interest under Sections 234B and 234C of the Income Tax Act, typically calculated at around 1% per month on the shortfall until the balance is paid.
Does TDS reduce my advance tax liability?
Yes. Advance tax is calculated on your total estimated tax liability minus any TDS already deducted by employers, banks or clients, so only the remaining balance needs to be paid in instalments.
Is the tax liability shown by this calculator exact?
No, this tool uses a simplified estimate of your total tax liability for quick planning. For an exact figure, use a full income tax calculator with your actual slab, regime and deductions, or consult a tax professional.
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