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Advance Tax
Enter the tax you expect for the year after TDS. We split it into the instalments the law asks for.
Advance tax for the year₹1,00,000Paid in four instalments through the year.
| Due date | Of the year's tax | Pay now | Paid in total |
|---|---|---|---|
| 15 June 1st instalment | 15% | ₹15,000 | ₹15,000 |
| 15 September 2nd instalment | 45% | ₹30,000 | ₹45,000 |
| 15 December 3rd instalment | 75% | ₹30,000 | ₹75,000 |
| 15 March Final instalment | 100% | ₹25,000 | ₹1,00,000 |
Resident senior citizens without business income are exempt. Shortfall or delay attracts interest under sections 234B and 234C, so pay a little extra if income is uncertain.
How it is calculated
- Net tax = estimated tax for the year minus TDS and TCS already deducted.
- Advance tax applies only if the net tax is 10,000 or more. Resident senior citizens with no business income are exempt.
- Cumulative instalments: 15% by 15 June, 45% by 15 September, 75% by 15 December and 100% by 15 March.
- Under presumptive taxation (44AD or 44ADA) the whole amount is paid in one instalment by 15 March.
- Short or late payment attracts interest under sections 234B and 234C.
Indicative only. Rules change every year; we confirm before filing.
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