What is advance tax and who needs to pay?

Advance tax is tax paid in installments during the financial year instead of lump sum at year-end. You must pay advance tax if your total tax liability exceeds ₹10,000 in a financial year. This applies to salaried individuals with income other than salary, freelancers, business owners, and anyone with capital gains, rental income, or other income where TDS is not deducted.

What are advance tax due dates for FY?

Ddvance tax due dates are: 15 June - 15% of total tax, 15 September - 45% of total tax (cumulative), 15 December - 75% of total tax (cumulative), 15 March - 100% of total tax (full payment). For senior citizens (60+ years) with no business income, advance tax is not mandatory.

What is interest under Section 234B and 234C?

Section 234B: Interest @ 1% per month for failure to pay advance tax or paying less than 90% of total tax liability. Charged from April 1 to assessment month. Section 234C: Interest @ 1% per month for deferment of advance tax installments. Charged if you pay less than required amount in each quarter. Both can be avoided by paying advance tax on time in correct installments.

Advance Tax Calculator - Calculate Advance Tax Payment India

💰 Advance Tax Calculator

Calculate Quarterly Advance Tax Payments

Due Dates | Installments | Interest Calculation u/s 234B & 234C

4 Quarters Payment Schedule

15%, 45%, 75%, 100% Installment %

Avoid Penalty Pay On Time

Calculate Advance Tax

Financial Year *

Estimated Total Income *

Deductions (80C, 80D, etc.)

TDS Already Deducted

Tax Regime *

💡 Advance Tax Key Points

Mandatory if tax liability > ₹10,000
Pay in 4 quarterly installments
Interest @ 1% per month for delay
Senior citizens (60+) with no business income exempt

Your Advance Tax Schedule

👈 Calculate Your Advance Tax

Enter your income details to calculate quarterly advance tax payments with due dates.

📊 Example Calculation

Income: ₹15,00,000

Deductions: ₹1,50,000

Tax Liability: ₹1,87,500

Quarterly Payments:

15 June: ₹28,125 (15%)
15 Sept: ₹56,250 (30% more)
15 Dec: ₹56,250 (30% more)
15 March: ₹46,875 (25% more)

Sidhi & Associates

💰 Advance Tax Calculator

Calculate Advance Tax

💡 Advance Tax Key Points

Your Advance Tax Schedule

Taxable Income

Total Tax Liability

Less: TDS

Net Payable

Quarterly Installments

👈 Calculate Your Advance Tax

📊 Example Calculation