Advance Tax Calculator
Calculate your advance tax liability and quarterly installments.
What is Advance Tax Calculator?
Advance tax is the income tax paid in instalments during the financial year instead of a lump sum at the end. An advance tax calculator estimates the instalments you need to pay.
If your total tax liability exceeds ₹10,000 in a year, you must pay advance tax in four instalments — June, September, December, and March.
How does the Advance Tax Calculator work?
Advance tax is paid in four instalments: 15% by 15 June, 45% by 15 September, 75% by 15 December, and 100% by 15 March.
The calculator estimates your total tax liability and splits it into the required instalments, helping you avoid interest under Sections 234B and 234C.
How to use the Advance Tax Calculator?
- Enter your estimated annual income.
- Enter your deductions and TDS already deducted.
- The calculator shows your total tax and each instalment amount.
Example
Try the calculator with your own numbers
- Enter your values in the input fields above.
- Adjust the values to match your situation.
- The result updates instantly as you change the inputs.
Benefits of using the Advance Tax Calculator
- Avoid interest penalties under Sections 234B and 234C.
- Plan your cash flow across the year.
- Stay compliant with income tax rules.
- Manage tax for business and freelance income.
Who should use the Advance Tax Calculator?
- Individuals planning loans, investments, or retirement savings.
- Salaried employees estimating taxes, EMIs, and take-home pay.
- Small business owners tracking costs, margins, and cash flow.
- Students learning personal finance and investment concepts.
Tips for getting the most out of the Advance Tax Calculator
- Use realistic return rates — past performance does not guarantee future returns.
- Re-run the calculation whenever your income, expenses, or goals change.
- Compare a few scenarios (conservative, moderate, aggressive) before making a decision.
Frequently Asked Questions
Who needs to pay advance tax?
Anyone whose estimated tax liability exceeds ₹10,000 in a financial year, including salaried individuals with income from other sources.
What are the advance tax due dates?
The instalments are due on 15 June (15%), 15 September (45%), 15 December (75%), and 15 March (100%).
What if I miss an advance tax instalment?
You will be charged interest under Section 234C for deferring the instalments, and under 234B if the total advance tax paid is less than 90% of the liability.
Planning your finances is easier when you can see the numbers clearly. Use this calculator regularly to stay on top of your goals and make informed decisions.
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