Advance Tax Calculator

Any person whose estimated tax liability for the year exceeds Rs 10,000 (after TDS) must pay advance tax. This includes salaried individuals with income from other sources (capital gains, interest, rental income), freelancers, businesses, and professionals.

Advance tax is payable in 4 instalments: 15% by 15th June, 45% by 15th September, 75% by 15th December, and 100% by 15th March. Senior citizens (60+ years) with no business income are exempt from advance tax.

If advance tax paid is less than 90% of the assessed tax, interest at 1% per month is charged under Section 234B from April of the assessment year until the date of assessment or payment of tax, on the shortfall amount.

Section 234C applies for deferment of individual instalments. If you miss or underpay any quarterly instalment, interest at 1% per month is charged for 3 months on the shortfall from the cumulative amount due for that quarter.

Yes, advance tax can be paid online through the Income Tax e-filing portal using Challan 280. Select the correct assessment year, enter your PAN, choose the type of payment as 'Advance Tax (100)', and pay via net banking, debit card, or UPI.

Yes, advance tax obligations apply regardless of whether you choose the old or new tax regime. The computation differs based on the regime, but the quarterly payment schedule and interest provisions remain the same.