About advance tax calculator
If your tax liability for the year is above a set amount after TDS, you must pay advance tax in instalments during the year, not all at once at the end.
Due dates
- 15 June: at least 15% of the tax.
- 15 September: cumulative 45%.
- 15 December: cumulative 75%.
- 15 March: the full 100%.
Interest for delays
Short or late payment attracts interest under sections 234B and 234C. Salaried people with no other income usually have tax handled through TDS.
A worked example
Suppose your tax for the year is ₹1,20,000 after TDS. You pay ₹18,000 by 15 June (15 percent), a further ₹36,000 by 15 September (45 percent in total), another ₹36,000 by 15 December (75 percent in total) and ₹30,000 by 15 March (100 percent).
Who needs to pay
People whose tax after TDS is above the threshold, such as freelancers, traders and investors with large capital gains. Salaried people with only a salary usually have it handled through TDS.
