SEBI REGISTERED INVESTMENT ADVISER INA000022260
Advance Tax
Estimate quarterly advance tax dues under old and new regimes — after TDS, TCS, and installments already paid.
If enabled, only the 15 March installment (100%) applies.
| Income slab | Rate |
|---|---|
| Up to ₹4 lakh | Nil |
| ₹4 lakh to ₹8 lakh | 5% |
| ₹8 lakh to ₹12 lakh | 10% |
| ₹12 lakh to ₹16 lakh | 15% |
| ₹16 lakh to ₹20 lakh | 20% |
| ₹20 lakh to ₹24 lakh | 25% |
| Above ₹24 lakh | 30% |
| Income slab | Rate |
|---|---|
| Up to ₹2.5 lakh | Nil |
| ₹2.5 lakh to ₹5 lakh | 5% |
| ₹5 lakh to ₹10 lakh | 20% |
| Above ₹10 lakh | 30% |
Slab rates vary for resident senior and super senior citizens under the old regime.
For education and planning illustration only. Not personalised tax advice. Interest u/s 234B/234C and entity-specific rates are not fully modelled.
Advance tax means paying your estimated income tax in installments during the financial year, instead of one lump sum at the end. It spreads the tax burden and keeps government revenue flowing through the year.
If your estimated tax liability (after TDS/TCS) is ₹10,000 or more, you generally need to pay advance tax.
For most taxpayers, advance tax is paid in four installments:
| Due date | Advance tax payment |
|---|---|
| On or before 15 June | 15% of advance tax |
| On or before 15 September | 45% of advance tax (− amount already paid) |
| On or before 15 December | 75% of advance tax (− amount already paid) |
| On or before 15 March | 100% of advance tax (− amount already paid) |
If you have opted for the presumptive taxation scheme under sections 44AD or 44ADA, you generally pay 100% of advance tax on or before 15 March.
Advance tax is paid during the year based on estimates. Self-assessment tax is paid after year-end when you finalise your return, if any balance still remains after TDS, TCS, and advance tax.
Interest under sections 234B and 234C may apply if you underpay or delay advance tax installments.
