Advance Tax Calculator

Calculating your advance tax takes less than a minute:

1. Enter your estimated total income for the financial year from all sources.
2. Enter applicable deductions and TDS already deducted, if any.
3. Click Calculate to instantly see your total tax liability and the quarterly advance tax installments due.

The calculator breaks down your liability into the four standard installment percentages, helping you plan your payments well ahead of each due date.

Advance tax is income tax that is paid in installments throughout the financial year, instead of as a single lump sum at the end. It applies to taxpayers — including salaried individuals, freelancers, and businesses — whose estimated tax liability for the year exceeds ₹10,000 after accounting for TDS.

The idea behind advance tax is to ensure a steady flow of tax revenue to the government, on a "pay as you earn" basis, rather than taxpayers settling their entire liability only at the time of filing their return.

Advance tax is payable in four installments during the financial year, based on the following schedule:

• On or before 15th June — 15% of total tax liability
• On or before 15th September — 45% of total tax liability (cumulative)
• On or before 15th December — 75% of total tax liability (cumulative)
• On or before 15th March — 100% of total tax liability (cumulative)

Note: Due dates and percentages are based on current Income Tax Department rules and may be revised. Always confirm the latest schedule before making payments.

Advance tax applies to a wide range of taxpayers, including:

1. Salaried individuals with significant additional income from sources like capital gains, rent, or interest, where TDS alone doesn't cover the full tax liability.
2. Freelancers and professionals whose income is not subject to regular TDS deduction.
3. Business owners whose estimated annual tax liability exceeds ₹10,000.
4. Senior citizens are generally exempt from paying advance tax, provided they do not have income from business or profession.

If advance tax is not paid on time or is underpaid, interest is levied under the following sections of the Income Tax Act:

• Section 234B — Interest for default in payment of advance tax, charged at 1% per month on the shortfall.
• Section 234C — Interest for deferment of advance tax installments, charged at 1% per month on the amount not paid by each due date.

To avoid this interest burden, it's important to estimate your income accurately and pay each installment on or before its due date.

Our calculator helps you stay compliant and avoid penalties by allowing you to:

• Get instant, accurate advance tax liability calculations
• See the exact installment amount due at each quarterly deadline
• Plan your cash flow better throughout the financial year
• Avoid interest penalties under Sections 234B and 234C