Advance Tax Calculator
Avoid interest penalties — FY 2024-25
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₹
Total Advance Tax Due
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By 15 Jun (15%)
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By 15 Sep (45%)
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By 15 Dec (75%)
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By 15 Mar (100%)
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What is advance tax?

Advance tax is income tax paid in quarterly instalments during the financial year itself. It is mandatory if your total tax liability (after TDS) exceeds ₹10,000 in a year. Paying on time avoids interest penalties under Sections 234B and 234C.

Formula used

Schedule (FY 2024-25): By 15 June: Pay 15% of estimated annual tax By 15 September: 45% cumulative By 15 December: 75% cumulative By 15 March: 100% cumulative Advance tax due = Total tax − TDS already deducted

How to use this calculator

  1. Enter estimated total income for the financial year
  2. Enter TDS already deducted by employer/bank
  3. Click Calculate — see total advance tax and quarterly installment amounts

Example

Example — Freelancer with ₹15L annual income:
Income: ₹15L | TDS deducted: ₹50,000
Tax under new regime (after ₹75K std deduction on ₹14.25L): ≈ ₹1,30,000
Advance tax due = ₹1,30,000 − ₹50,000 = ₹80,000

Quarterly breakdown:
By 15 Jun: ₹12,000 (15%) | By 15 Sep: ₹24,000 | By 15 Dec: ₹24,000 | By 15 Mar: ₹20,000

Frequently asked questions

Anyone with tax liability above ₹10,000 after TDS — salaried employees with rental income, capital gains, freelance income, business owners.
Interest at 1%/month under Section 234C for 3 months per delayed installment. Missing the March deadline incurs 234B interest (1%/month) until payment.
Resident senior citizens aged 75+ with only pension and interest income (with TDS) are exempt from filing ITR and advance tax from FY 2021-22 onwards.