Advance Tax Calculator
Calculate your advance tax installment schedule — the amounts due by June 15, September 15, December 15, and March 15.
- Free to use
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- No registration required
- Works on all devices
Your result
₹1,92,400
Total advance tax payable
AI explanation
Formula
Cumulative 15%/45%/75%/100% of net tax payable (after TDS), due by June 15/Sep 15/Dec 15/Mar 15 respectivelyWorked example
₹20L estimated income, new regime, no TDS
| Field | Value |
|---|---|
| Estimated gross annual income | 2000000 |
| Tax regime | new |
| Deductions (old regime only) | 0 |
| Tax already deducted (TDS) | 0 |
| Total annual tax liability | 192400 |
| Total advance tax payable | 192400 |
| Due by June 15 (15%) | 28860 |
| Due by September 15 (cumulative 45%) | 57720 |
| Due by December 15 (cumulative 75%) | 57720 |
| Due by March 15 (cumulative 100%) | 48100 |
Assumptions
- Advance tax is required if your total tax liability for the year exceeds ₹10,000 after TDS.
- Uses the same slab-based tax computation as the Income Tax Calculator.
- Informational only — a shortfall in any installment can attract interest under Sections 234B/234C, not modeled here.
Frequently asked questions
Who needs to pay advance tax?
Anyone whose total tax liability for the year (after TDS) exceeds ₹10,000 — this typically applies to freelancers, business owners, and those with significant income beyond salary (like capital gains or rental income).
What happens if I miss an advance tax installment?
You may be charged interest under Sections 234B and 234C of the Income Tax Act for shortfall or late payment of each installment — this calculator doesn't compute that penalty interest.
Does TDS count toward my advance tax obligation?
Yes — tax already deducted at source (e.g. on salary or interest income) reduces the net advance tax you need to pay directly, which this calculator accounts for.
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Sources
- Income-tax Act, 1961 — Advance Tax (Sections 208-219) — Income Tax Department, Government of India. Effective 01-04-1962, reviewed 13-09-2026.
This calculator provides a general estimate only and does not constitute tax advice. Consult a tax professional to confirm your advance tax obligations.
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