Paying your income tax in advance is mandatory for many taxpayers in India. If your tax liability exceeds ₹10,000 in a financial year, you are required to pay advance tax in quarterly installments.
Our Advance Tax Calculator helps you instantly estimate how much advance tax you need to pay for each due date, based on your income, tax rate, and tax already paid.
Choose an input method — either enter your Total Tax Liability directly, or provide Taxable Income + an Effective Tax Rate (%) to estimate tax.
Whether you are a salaried employee, freelancer, business owner, or earning interest, capital gains or rental income, this calculator gives you a clear and simple breakdown.
What Is Advance Tax?
Advance tax is the tax you pay to the government during the financial year, instead of waiting till the end of the year. It helps the tax department receive tax revenue on time and prevents large year-end dues.
You must pay advance tax if:
- Your net annual tax liability > ₹10,000, and
- You earn income other than salary (freelancing, business, rent, interest, trading profits, capital gains etc.)
✔️ Salaried individuals usually have TDS deducted.
✔️ But if they have additional income, they too must pay advance tax.
Advance Tax Due Dates (FY 2024–25 / FY 2025–26)
| Due Date | % of Total Tax to be Paid | Persons Required |
|---|---|---|
| 15 June | 15% | All non-corporate taxpayers |
| 15 September | 45% | All non-corporate taxpayers |
| 15 December | 75% | All non-corporate taxpayers |
| 15 March | 100% | All taxpayers (including businesses) |
| 31 March | Final chance (treated as advance tax) | All taxpayers |
These are for individuals, HUFs, freelancers, professionals, and small businesses.
How the Advance Tax Calculator Works
Our calculator supports two modes:
1️⃣ Direct Tax Liability Mode
If you already know your total tax liability, enter:
- Total tax for the year (₹)
- Tax already paid (TDS/TCS)
The tool will:
✔️ Break down how much tax should be paid at each due date
✔️ Check if you have already met each milestone
✔️ Show how much is still due
2️⃣ Taxable Income Mode (Estimation Mode)
If you only know your total income, the calculator allows:
- Taxable Income
- Effective Tax Rate (%)
- Deductions / tax relief
- TDS already paid
This is perfect for freelancers, consultants, traders, and small businesses.
Advance Tax Formula (Simple)
Advance Tax = Total Tax Liability – Tax Already Paid (TDS/TCS)
For each due date, the % of total tax must be paid cumulatively:
- 15 June: 15% of total tax
- 15 September: 45%
- 15 December: 75%
- 15 March: 100%
Who Must Pay Advance Tax?
You must pay advance tax if you belong to any of these categories:
✔️ Freelancers / Self-employed professionals
- Designers
- Developers
- Consultants
- Lawyers
- Doctors
- Trainers
- Content creators
✔️ Business owners
- Small shops
- Traders
- Online sellers
- Import/export
- Manufacturing
✔️ Individuals with additional income
- Rental income
- Interest income (FD, RD, bonds)
- Capital gains
- Share trading or intraday income
- Crypto income
✔️ Salaried individuals (only if extra income exists)
Interest for Late Payment (Section 234B & 234C)
If you miss advance tax installments, the Income Tax Department charges interest:
➤ Section 234C – Delay in installments
If you don’t meet the required percentage for each quarter, a 1% interest per month is charged on the shortfall amount.
➤ Section 234B – Not paying 90% of total tax
If by 31 March, you haven’t paid at least 90% of your total tax, 1% interest per month applies until full payment.
Example: Advance Tax Calculation
Ravi, a freelancer, has:
- Total estimated tax liability: ₹1,20,000
- TDS deducted from payments: ₹20,000
Remaining tax = ₹1,00,000
Here’s how much he must pay quarterly:
| Due Date | % | Cumulative Tax | Amount to Pay |
|---|---|---|---|
| 15 June | 15% | ₹18,000 | Pay ₹18,000 |
| 15 September | 45% | ₹54,000 | Pay additional ₹36,000 |
| 15 December | 75% | ₹90,000 | Pay additional ₹36,000 |
| 15 March | 100% | ₹1,20,000 | Pay additional ₹30,000 |
If Ravi misses any deadline → 234B/234C interest applies.
How to Pay Advance Tax Online
You can pay advance tax in 2 minutes through:
➤ Method 1: e-Pay Tax (Preferred)
Visit: https://eportal.incometax.gov.in
Select:
e-Pay Tax → Advance Tax → PAN → Assessment Year → Net Banking/UPI/Card
➤ Method 2: Through Banks
Visit SBI/HDFC/ICICI → Direct Tax Payment → Advance Tax (Challan 280)
Why Use an Advance Tax Calculator?
- ✓ Helps avoid penalties under Section 234B & 234C
- ✓ Assists freelancers/businesses with quarterly planning
- ✓ Easy breakdown for each due date
- ✓ Helps minimize interest charges
- ✓ Gives clear visibility of remaining tax for the year
FAQ – Advance Tax Calculator
1. Who is exempt from paying advance tax?
Senior citizens (60+) with no business income do not need to pay advance tax.
2. What if my income changes during the year?
You can revise your estimate and pay the correct advance tax by the next installment.
3. How to avoid 234B/234C interest?
Pay the correct cumulative amount by each due date.
4. Is advance tax mandatory for capital gains?
Yes — you must adjust in the next installment after earning the gain.
Related Tools on Misccalc
- Income Tax Calculator
- Salary Tax Calculator
- HRA Calculator
- GST Calculator
- FD Calculator
(Add internal links; strong SEO boost)
Use our Income Tax Calculator for a more accurate income tax calculation.
Conclusion
The Advance Tax Calculator makes it simple to know how much tax you need to pay each quarter. By paying the correct amount on time, you avoid penalties and stay tax-compliant.
Use the calculator above to estimate your quarterly payments and stay stress-free throughout the financial year.