Advance Tax Calculator

Calculate your advance tax liability and review the cumulative quarterly installment payments due for FY 2025-26.

Reviewed for Budget 2025 • Last updated 21 June 2026 • by Sandesh D.

Income & Tax Status

Estimated Gross Annual Income₹15,00,000
Estimated gross earnings for the entire financial year
₹
Tax RegimeChoose new or old tax regime.
TDS/TCS Already Paid₹50,000
Tax deducted at source or tax collected at source so far
₹
Net Advance Tax Payable
₹47,500
⚠️ Advance tax of ₹47,500 is required to be paid.
Annual Tax Liability₹97,500
TDS / TCS Credit₹50,000

Installment Payments Due

Due DateCumulative %Cumulative AmtIncremental Amt
15 June15%₹7,125₹7,125
15 September45%₹21,375₹14,250
15 December75%₹35,625₹14,250
15 March100%₹47,500₹11,875

Calculation Methodology & Rules

The Advance Tax Calculator helps you determine if you need to pay advance tax for the current financial year and outlines the installment schedule. In India, advance tax is the tax paid as you earn throughout the year, rather than as a lump sum at the end of the year.

Advance Tax Installment Schedule (FY 2025-26 / AY 2026-27)

Due DateCumulative PercentageNotes
On or before 15 June15% of net tax liabilityFirst installment
On or before 15 September45% of net tax liabilitySecond installment
On or before 15 December75% of net tax liabilityThird installment
On or before 15 March100% of net tax liabilityFourth and final installment

Disclaimer

This calculator estimates advance tax liability based on the user's estimated annual figures. Real liabilities depend on exact tax filable items. For official queries, refer to the Income Tax Department.

For detailed rules, formulas, references, and official guidelines, see the complete Ganakam Calculation Methodology.

Frequently Asked Questions

Any taxpayer whose net estimated tax liability (after deducting TDS/TCS) for the financial year exceeds ₹10,000 is required to pay advance tax. This applies to salaried employees with other income, freelancers, and businesses.

Yes, senior citizens (individuals aged 60 years or above) who are resident in India and do not have any income from business or profession are exempt from paying advance tax.

Advance tax must be paid in four installments: 15% by 15 June, 45% by 15 September, 75% by 15 December, and 100% by 15 March. These percentages represent the cumulative amount due.

Failure to pay advance tax or short-paying installments attracts interest penalties under Section 234B (for default in payment) and Section 234C (for deferment of installments) at the rate of 1% per month.