Advance Tax Calculator
Calculate advance tax installments for FY 2024-25 (India)
Enter Details
Total Tax Liability
₹1.30 L
TDS Deducted
₹1.00 L
Advance Tax Payable
₹30,000
Tax Breakdown
TDS (76.9%)Advance Tax (23.1%)
Installment Schedule
| Quarter | Due Date | % | Amount | Cumulative |
|---|---|---|---|---|
| Q1 | 15th June | 15% | ₹4,500 | ₹4,500 |
| Q2 | 15th September | 30% | ₹9,000 | ₹13,500 |
| Q3 | 15th December | 30% | ₹9,000 | ₹22,500 |
| Q4 | 15th March | 25% | ₹7,500 | ₹30,000 |
About Advance Tax
Who Should Pay?
- Tax liability exceeds ₹10,000 in a financial year
- Salaried individuals with other income sources
- Freelancers and self-employed professionals
- Businesses and companies
Key Points
- Senior citizens (60+) without business income are exempt
- Interest u/s 234B & 234C for non-payment/short payment
- Can be paid online via Income Tax portal
- Use Challan 280 for advance tax payment