What is Advance Tax?

Advance tax means income tax should be paid in advance instead of lump sum payment at year end. It is also known as pay as you earn tax. These payments have to be made in instalments as per due dates provided by the income tax department.

About the Advance Tax Calculator

This user-friendly Advance tax Calculator can be used by Resident Individuals (including Sr. Citizens, Very / Super Senior Citizens and HUFs) for calculation of

  • Taxable Income after taking into account income from all sources and eligible deductions,
  • Income Tax, Cess, Surcharge, Marginal Relief and Total Tax Liability under both New and Existing Tax Regimes (Rates) and
  • Advance Tax Payable and Advance tax Due on Advance Tax Due Dates during the year.
Advance Tax Calculator
Opted New Tax Regime u/s 115BAC
Select Due Date
Select Status
Income for the year
Eligible Deductions
TDS/TCS for the year
Advance Tax paid
Taxable Income
Tax Liability
Tax due 15 June
Tax payable
Tax due 15 Sep
Tax payable
Tax due 15 Dec
Tax payable
Tax due 15 Mar
Tax payable
INCOME TAX SLAB AND RATES FOR F.Y. 2020-21(A.Y 2021-22)

Important : This calculator is an easy online tool for quick basic calculation and cannot give correct calculation in all circumstances. The exact calculation may be made after taking into account all applicable provisions of Income Tax Act / Rules.

Who should pay Advance Tax?

Salaried, freelancers and businesses– If your total tax liability is Rs 10,000 or more in a financial year you have to pay advance tax. Advance tax applies to all taxpayers, salaried, freelancers, and businesses. Senior citizens, who are 60 years or older, and do not run a business, are exempt from paying advance tax.

Presumptive income for Businesses–The taxpayers who have opted for presumptive taxation scheme under section 44AD have to pay the whole amount of their advance tax in one instalment on or before 15 March. They also have an option to pay all of their tax dues by 31 March.

Presumptive income for Professionals– Independent professionals such as doctors, lawyers, architects etc. come under the presumptive scheme under section 44ADA. They have to pay the whole of their advance tax liability in one instalment on or before 15 March. They can also pay the entire amount by 31 March.

Due Dates for payment of Advance Tax

FY 2019-20 & FY 2018-19 for both individual and corporate taxpayers

Due DateAdvance Tax Payable
On or before 15th June15% of advance tax
On or before 15th September45% of advance tax less advance tax already paid
On or before 15th December75% of advance tax less advance tax already paid
On or before 15th March100% of advance tax less advance tax already paid

For taxpayers who have opted for Presumptive Taxation Scheme under section 44AD & 44ADA – Business Income

Due DateAdvance Tax Payable
 On or before 15th March100% of advance tax