Advance Tax Calculator
Calculate your quarterly advance tax instalments and due dates. Avoid interest under Section 234B and 234C by paying advance tax on time.
Taxpayer Details
₹20,00,000
₹
₹50,000
₹
Instalment Schedule (FY 2025-26)
| Instalment | Due Date | % of Tax | Amount | Cumulative |
|---|---|---|---|---|
| 1st Instalment | 15th June | 15% | ₹21,360 | ₹21,360 |
| 2nd Instalment | 15th September | 30% | ₹42,720 | ₹64,080 |
| 3rd Instalment | 15th December | 30% | ₹42,720 | ₹1,06,800 |
| 4th Instalment | 15th March | 25% | ₹35,600 | ₹1,42,400 |
Result
₹1,42,400
Net Advance Tax Payable
Taxable Income₹19,25,000
Tax on Income₹1,85,000
Surcharge₹0
Cess (4%)₹7,400
Total Tax₹1,92,400
Less: TDS Deducted- ₹50,000
Net Liability₹1,42,400
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Frequently Asked Questions
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.