Advance Tax Calculator
Calculate quarterly advance tax installments
About Advance Tax
Advance tax is the income tax payable in advance instead of lump-sum payment at year-end. It is applicable if your tax liability exceeds ₹10,000 in a financial year.
- 15% by 15th June
- 45% by 15th September (cumulative)
- 75% by 15th December (cumulative)
- 100% by 15th March (cumulative)
Income Details
Taxable income after standard deduction
TDS from salary, interest, etc.
Note: Estimate your annual income including salary, business income, capital gains, and other sources. Subtract applicable deductions for accurate calculation.
Tax Summary
How to Pay Advance Tax
Online Payment
- Visit Income Tax e-filing portal
- Go to e-Pay Tax section
- Select Challan 280 (Income Tax)
- Choose payment type: Advance Tax (100)
- Enter PAN and amount
- Pay using Net Banking/Debit Card
Offline Payment
- Download Challan 280 form
- Fill PAN, assessment year, amount
- Visit authorized bank branch
- Submit form with payment
- Collect stamped challan copy
- Verify in Form 26AS after 3-4 days
Frequently Asked Questions
Advance tax is tax paid in installments during the financial year instead of a lump sum at year-end. Anyone with a tax liability of Rs 10,000 or more (after TDS) needs to pay advance tax.
Advance tax is due quarterly: 15% by June 15, 45% by September 15, 75% by December 15, and 100% by March 15. Senior citizens (60+) without business income are exempt.
If advance tax is not paid, interest is charged under Section 234B (for default) and 234C (for deferment). Interest is 1% per month on the shortfall amount.
Yes, advance tax is applicable under both old and new tax regimes. The liability depends on your estimated income and tax for the financial year.