Advance Tax Calculator
FY 2024-25 (AY 2025-26) ยท Know your advance tax instalments, due dates and Section 234C penalty.
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Advance Tax Instalments
| Instalment | Due Date | Cumulative % | Amount Due | Advance Tax to Pay |
|---|
โน๏ธ Key Rules
- Advance tax is mandatory if total tax liability > โน10,000 after TDS.
- Salaried employees fully covered by TDS generally don't need advance tax.
- Freelancers, business income, capital gains, rental income โ advance tax applies.
- Section 234B: 1% per month interest if advance tax paid < 90% of total tax.
- Section 234C: 1% per month interest for shortfall in each instalment.
- Senior citizens (60+) with no business income are exempt from advance tax.