Taxable Income Estimator
Include profits from Capital Gains or Harvested Losses.
You can Track TDS deductions from your 26AS here.
Deductions are only applicable in the Old Regime. Use SIPs to maximize 80C limits.
Total Tax Liability
₹0
Net Advance Tax
₹0
Payment Installment Schedule
Remaining Tax to Pay
Applicability
Liable
Due Dates (Financial Year 2025-26)
You must pay these minimum percentages of your estimated tax by the specified dates.
| Due Date | Cumulative % | Cumulative Amount | Inst. Payable |
|---|
Tax Calculation Methodology
Standard Deduction: A flat ₹75,000 deduction is applied for salaried individuals under the New Tax Regime for FY 2025-26.
Cess: 4% Health & Education cess is added to the basic tax amount.
Section 87A Rebate: In the New Regime, net taxable income up to ₹12 Lakh (Budget 2025) results in zero tax due to rebates.
Who Should Pay Advance Tax?
Advance tax is mandatory for all taxpayers in India whose estimated tax liability for the financial year is ₹10,000 or more after adjusting for TDS and TCS.
- Salaried Individuals: Generally, your employer deducts TDS from your salary. However, if you have significant income from rentals, fixed deposit interest, or Capital Gains, you might still need to pay advance tax.
- Business Owners & Professionals: Freelancers and businesses must calculate their expected profits and pay quarterly installments to remain compliant.
- NRIs: Non-resident Indians earning income in India (like house property rent or stock profits) are also liable if the ₹10,000 threshold is met.
How to Avoid Advance Tax Penalty (Section 234C)
Section 234C penal interest is charged at 1% per month if you don't pay enough tax by each quarterly due date. If your total tax liability for the year exceeds ₹10,000 after TDS, paying advance tax on time prevents costly penalty interest. Here is how to stay ahead:
- Stick to the Calendar: Pay 15% by June 15, 45% by September 15, 75% by December 15, and 100% by March 15.
- Estimate Conservatively: If you earn freelance income or business profits, compute your total tax slab early using our income tax calculator.
- Factor in Stock & Real Estate Gains: Whenever you book profits in equities or property, calculate your tax outgo using our capital gains tax calculator, or see how to lower taxable gains with our tax loss harvesting tool.
- Check 80C Deductions: Maximize all eligible deductions before calculating final advance tax on our Section 80C calculator.
Advance Tax Calculation Example
Consider a professional earning ₹20 Lakhs per year with ₹1 Lakh TDS already deducted:
Total Tax Liability (est.): ₹2,80,000
TDS Deducted: - ₹1,00,000
Net Advance Tax Payable: ₹1,80,000
1st Installment (June 15): ₹27,000 (15%)
2nd Installment (Sept 15): ₹54,000 (additional 30%)
...and so on.
Use our comprehensive Income Tax Calculator to find your base liability before using this schedule.
Advance Tax Laws in India
Advance tax is the income tax that must be paid "as you earn" throughout the financial year. Any taxpayer whose estimated tax liability (after TDS) exceeds ₹10,000 for the year is legally obligated to pay advance tax. This ensures that the government maintains a steady cash flow and reduces the financial burden on taxpayers at the end of the year.
Failing to pay on time results in interest penalties under Section 234C (for quarterly delay) and Section 234B (for overall shortfall at year-end). Plan your exits using tax-loss harvesting to lower this liability legally.