Advance Tax Calculator
Calculate quarterly advance tax installments, due dates, and interest penalties for FY 2025-26
Advance Tax Calculator
Tax Calculation Summary
Quarterly Installments
Total
₹59,200
📅 Quarterly Installment Schedule
| Quarter | Due Date | Required % | Installment | Cumulative | Paid | Balance | Status |
|---|---|---|---|---|---|---|---|
| Q1 (April-June) | 15 June 2025 | 15% | ₹8,880 | ₹8,880 | ₹0 | ₹8,880 | ⚠ Shortfall |
| Q2 (July-September) | 15 September 2025 | 45% | ₹17,760 | ₹26,640 | ₹0 | ₹26,640 | ⚠ Shortfall |
| Q3 (October-December) | 15 December 2025 | 75% | ₹17,760 | ₹44,400 | ₹0 | ₹44,400 | ⚠ Shortfall |
| Q4 (January-March) | 15 March 2026 | 100% | ₹14,800 | ₹59,200 | ₹0 | ₹59,200 | ⚠ Shortfall |
📊 Cumulative Payment Schedule
📐 Show Your Work
Calculate Taxable Income
₹15,00,000 - 0 = ₹15,00,000
Calculate Base Tax (New Regime Slabs)
Base Tax = ₹1,05,000
Add Health & Education Cess (4%)
₹1,05,000 × 4% = ₹4,200
Total Tax Liability
₹1,05,000 + ₹4,200 = ₹1,09,200
Less TDS Deducted
₹1,09,200 - ₹50,000 = ₹59,200
Calculate Quarterly Installments
Q1: ₹59,200 × 15% = ₹8,880
Q2: ₹59,200 × 30% = ₹17,760
Q3: ₹59,200 × 30% = ₹17,760
Q4: ₹59,200 × 25% = ₹14,800
📋 Income Tax Slabs (FY 2025-26)
New Tax Regime
| Income Range | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 - ₹8,00,000 | 5% |
| ₹8,00,001 - ₹12,00,000 | 10% |
| ₹12,00,001 - ₹16,00,000 | 15% |
| ₹16,00,001 - ₹20,00,000 | 20% |
| ₹20,00,001 - ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Old Tax Regime
| Income Range | Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 - ₹5,00,000 | 5% |
| ₹5,00,001 - ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
+ 4% Health & Education Cess on tax
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📖 Learn More About Advance Tax Calculator
Understanding Advance Tax in India
Advance tax, also known as "pay-as-you-earn" tax, is a system where taxpayers pay their income tax in installments throughout the financial year rather than in a lump sum at year-end. This system ensures a steady flow of revenue to the government and reduces the burden of a single large payment on taxpayers.
Applicability of Advance Tax
Advance tax is mandatory for all taxpayers - individuals, Hindu Undivided Families (HUFs), firms, companies, and trusts - whose estimated tax liability for the financial year exceeds ₹10,000. However, there's an important exemption: senior citizens (individuals aged 60 years or above) who do not have income from business or profession are not required to pay advance tax.
Quarterly Payment Schedule
The advance tax payment is spread across four quarters of the financial year. For individuals and corporate taxpayers, the schedule is: 15% by June 15, 45% cumulative by September 15, 75% cumulative by December 15, and 100% cumulative by March 15. Taxpayers opting for presumptive taxation under Sections 44AD and 44ADA have a simplified schedule - they must pay 100% of their advance tax by March 15.
Interest Penalties for Non-Compliance
The Income Tax Act imposes interest penalties for failure to pay advance tax or for short payment. Section 234B applies when less than 90% of the total tax liability is paid by March 31, charging 1% simple interest per month on the shortfall. Section 234C applies when quarterly installments are not paid as per the prescribed percentages, charging 1% per month for 3 months on each quarter's shortfall.
How to Calculate and Pay Advance Tax
To calculate advance tax, first estimate your total income for the financial year from all sources - salary, business/profession, house property, capital gains, and other sources. Deduct eligible deductions under Chapter VI-A (80C, 80D, etc.) to arrive at taxable income. Calculate tax using applicable slab rates, add 4% Health and Education Cess, and subtract TDS already deducted. If the balance exceeds ₹10,000, pay advance tax in quarterly installments.
Online Payment Process
Advance tax can be conveniently paid online through the Income Tax Department's e-filing portal (incometaxindiaefiling.gov.in) or authorized bank websites. Use Challan 280, select 'Advance Tax (100)' as the type of payment, and pay via net banking, debit card, or UPI. Always keep the challan receipt as proof of payment for your records and future reference.
Frequently Asked Questions
Who needs to pay advance tax?
Any taxpayer (individual, HUF, firm, company) whose estimated tax liability for the financial year exceeds ₹10,000 must pay advance tax. However, senior citizens (60+ years) who do not have income from business or profession are exempt from paying advance tax.
What are the due dates for advance tax payment?
For all taxpayers: 15th June (15%), 15th September (45% cumulative), 15th December (75% cumulative), and 15th March (100% cumulative). For taxpayers under presumptive taxation (44AD/44ADA), the entire advance tax is due by 15th March.
What is the interest charged for non-payment of advance tax?
Section 234B: 1% simple interest per month on shortfall if less than 90% of tax is paid by March 31. Section 234C: 1% per month for 3 months on each quarter's shortfall if payment is less than the prescribed percentage (15%, 45%, 75%).
How is advance tax calculated?
Estimate your total income for the financial year, calculate tax using applicable slabs, add 4% cess, subtract TDS already deducted. If the balance exceeds ₹10,000, pay advance tax in quarterly installments as per the prescribed percentages.
What happens if I pay excess advance tax?
If you pay more advance tax than your actual tax liability, you will receive a refund when you file your income tax return. The Income Tax Department will also pay interest at 0.5% per month under Section 244A on the excess amount.
Can I pay advance tax online?
Yes, advance tax can be paid online through the Income Tax Department's e-filing portal or authorized bank websites using Challan 280. Select 'Advance Tax (100)' as the tax type and make payment via net banking, debit card, or UPI.