What is Advance Tax?
Advance tax is income tax paid during the financial year itself, in four installments, rather than as a lump sum at year-end. It applies if your total tax liability (after TDS) exceeds ₹10,000. Salaried taxpayers usually cover it through TDS, but business owners, freelancers, and those with large interest or capital gains must pay advance tax directly.
Formula
Advance tax is paid in four installments through the year:
Tax liability (computed via the New Regime slabs) Installments: 15% by 15 June 45% by 15 September (cumulative) 75% by 15 December (cumulative) 100% by 15 March (cumulative) Pay advance tax if total tax − TDS > ₹10,000.
How to use this calculator
Enter your estimated taxable income for the financial year and any tax already paid via TDS or earlier installments. The calculator estimates total liability (new regime), the balance due, and each quarterly installment.