Advance Tax Calculator

    Calculate your quarterly advance tax installments, due dates, and penalties for the financial year.

    Input Details

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    ₹
    ₹
    Net Tax Liability₹80,000

    Estimated Tax - TDS Deducted - TDS Collected

    Advance Tax Schedule

    Total Advance Tax₹0

    What is Advance Tax Calculator?

    An Advance Tax Calculator helps you calculate your quarterly advance tax installments based on your estimated annual tax liability. Advance Tax is the income tax that is paid in advance during the financial year instead of paying the entire tax at the end of the year. It is applicable when your estimated tax liability for the year exceeds ₹10,000.

    Our Advance Tax Calculator automatically calculates the four quarterly installments (15%, 45%, 75%, and 100% cumulative) with their due dates, helps you understand your tax obligations throughout the year, and estimates potential penalties for late payment. It also considers TDS deducted and TDS collected to give you the net advance tax payable.

    Who Should Pay Advance Tax?

    • Self-employed individuals and professionals: Freelancers, consultants, doctors, lawyers, and other professionals with business income
    • Business owners: Proprietors, partners, and directors with business income
    • Salaried individuals with other income: Those earning rent, capital gains, interest, or other income beyond salary
    • Anyone with tax liability exceeding ₹10,000: If your estimated tax after TDS exceeds ₹10,000, advance tax is mandatory

    Advantages of Using Braihn's Advance Tax Calculator

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      Quarterly Installment Planning

      Get a clear breakdown of your four quarterly advance tax installments with exact due dates, helping you plan your tax payments throughout the year.

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      TDS Consideration

      Automatically accounts for TDS deducted on your income and TDS collected on your payments, giving you the accurate net advance tax liability.

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      Penalty Estimation

      Understand potential penalties for late payment, helping you avoid unnecessary interest charges and stay compliant.

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      Due Date Reminders

      Clear display of due dates for each quarter (15th June, 15th September, 15th December, 15th March) to ensure timely payments.

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      Free Financial Planning Tool

      Plan your tax payments in advance, manage cash flow better, and avoid last-minute tax burdens with our free calculator.

    Frequently Asked Questions

    Who is required to pay advance tax?

    Anyone whose estimated tax liability for the year exceeds ₹10,000 after considering TDS must pay advance tax. This includes self-employed individuals, business owners, and salaried individuals with other sources of income.

    What are the due dates for advance tax installments?

    The due dates are: Q1 - 15th June (15% of advance tax), Q2 - 15th September (45% cumulative), Q3 - 15th December (75% cumulative), and Q4 - 15th March (100% cumulative).

    Can I revise my advance tax estimates?

    Yes, you can revise your advance tax estimates if your income changes during the year. You need to file revised estimates and pay the difference in subsequent installments.

    What happens if I don't pay advance tax on time?

    Late payment attracts interest under Section 234B (1% per month on shortfall) and Section 234C (1% per month for deferment). The interest is calculated from the due date until the date of payment.

    Are salaried employees required to pay advance tax?

    Salaried employees with only salary income are generally exempt from advance tax as TDS covers their tax liability. However, if they have other income sources (rent, capital gains, etc.) that result in tax liability exceeding ₹10,000, advance tax is applicable.

    Need Help with Advance Tax Planning?

    Connect with verified tax professionals on Braihn who can help you with advance tax calculation, planning, filing, and all your tax-related queries.

    Find a Professional