Advance Tax Calculator
Advance Tax Calculator
Calculate your quarterly advance tax liability, determine due dates, and avoid penalties for late payment with our user-friendly calculator
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8,500+ taxpayers
Calculate Your Advance Tax
Fill in the details below to calculate your quarterly advance tax liability.
Your Advance Tax Results
Total Income
₹0
Taxable Income
₹0
Total Tax Liability
₹0
Quarterly Payment Schedule
| Quarter | Due Date | Amount | Status |
|---|
Tax Breakdown
Quarterly Split
Tax Components
How to Use This Calculator
Enter Income
Enter your total annual income or use the slider to adjust the amount
Select Options
Choose taxpayer type, tax regime, and add applicable deductions
Calculate Tax
Click the calculate button to get your advance tax liability and payment schedule
Save & Share
Download your calculation as a PDF, save it, or share with others
How Advance Tax Works
Tax Liability Calculation
The calculator first determines your total tax liability for the financial year based on your income, applicable deductions, and the tax regime you've selected.
Quarterly Breakdown
The annual tax amount is split into four quarterly installments with specific percentages (15%, 45%, 75%, and 100% cumulative) to be paid by their respective due dates.
Penalty Calculation
If you've missed a due date or made partial payments, the calculator estimates the interest penalties under Section 234C at 1% per month on the shortfall amount.
Advance Tax Payment Flowchart
Estimate Annual Income
Calculate Tax Liability
Determine Quarterly Installments
Q1: 15%
June 15
Q2: 45%
Sept 15
Q3: 75%
Dec 15
Q4: 100%
March 15
Understanding Advance Tax
Advance tax is income tax that should be paid in advance in installments throughout the financial year, rather than as a lump sum payment at the end. It applies when your estimated tax liability exceeds ₹10,000 in a financial year.
Who Needs to Pay Advance Tax?
- Salaried individuals with income from other sources where TDS doesn't cover total liability
- Self-employed professionals including doctors, lawyers, architects, etc.
- Business owners and entrepreneurs
- Investors with significant capital gains, rental income, or other investment income
- Senior citizens with taxable income exceeding the threshold
Penalties for Non-Payment
Interest Penalties
- Section 234B: 1% per month on the amount of unpaid tax
- Section 234C: 1% per month on the tax shortfall for each installment
Due Dates for Advance Tax Payment
| Installment | Due Date | Tax Payable |
|---|---|---|
| 1st Installment | 15th June | 15% of total tax |
| 2nd Installment | 15th September | 45% of total tax |
| 3rd Installment | 15th December | 75% of total tax |
| 4th Installment | 15th March | 100% of total tax |
How to Pay Advance Tax
Advance tax can be paid through:
- Income Tax Department's e-filing portal
- Net banking services of authorized banks
- Challan ITNS 280 (select "Advance Tax - Section 207")
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