Advance Tax Calculator
Find out if you need to pay advance tax and see your quarterly instalment schedule. Enter your estimated annual tax and the TDS already deducted.
Total income tax for the year
Enter 0 if none
Your net tax is below ₹10,000, so advance tax is not required. You can pay any balance as self-assessment tax when filing.
Indicative schedule. Interest under 234B/234C applies on shortfalls. Consult EvoTax for exact computation.
Who needs to pay advance tax?
If your total tax liability for the year (after deducting TDS) is ₹10,000 or more, you must pay advance tax in four instalments during the year rather than as a lump sum at filing. This applies to salaried individuals with significant other income, freelancers, professionals, businesses, traders and investors with capital gains.
The instalments are cumulative: at least 15% of your tax by 15 June, 45% by 15 September, 75% by 15 December and 100% by 15 March. Senior citizens (60+) without business income are exempt from advance tax.
Missing or underpaying instalments triggers interest under Sections 234B and 234C. This calculator shows your schedule; EvoTax can compute your precise liability including capital gains, F&O and business income.
Frequently Asked Questions
What is the threshold for advance tax?
Advance tax applies if your net tax liability (after TDS) for the year is ₹10,000 or more. Below that, you can simply pay any balance at the time of filing.
What are the advance tax due dates?
For individuals: 15% by 15 June, 45% (cumulative) by 15 September, 75% by 15 December, and 100% by 15 March. Each instalment is the cumulative percentage minus what you have already paid.
What is interest under Sections 234B and 234C?
Section 234B charges interest for not paying at least 90% of your tax by year-end, and 234C charges interest for shortfalls in individual instalments. Both are 1% per month on the shortfall. Paying advance tax on time avoids them.
Do salaried employees pay advance tax?
Usually their employer's TDS covers it. But if you have substantial extra income — interest, rent, capital gains or freelance income — on which TDS is insufficient, you may need to pay advance tax on the balance.
Are senior citizens exempt from advance tax?
Resident senior citizens aged 60 or above who do not have income from business or profession are exempt from paying advance tax and can pay their tax as self-assessment tax at filing.
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