Advance Tax Calculator (Sections 208–211 & 234C)

Calculate your quarterly advance tax installments under Sections 208 and 211 of the Income Tax Act. Helps salaried professionals with other income, freelancers, and businesses avoid penal interest under Sections 234B and 234C.

With a net tax liability of ₹1,20,000, advance tax is mandatory u/s 208, payable in 4 installments: 15% (₹18,000) by 15 June, 45% by 15 Sep, 75% by 15 Dec, and 100% by 15 March.

Tax Liability & Tax Credits

Calculate quarterly advance tax installments and check Section 234C interest.

Estimated Gross Tax Liability (including Cess)

₹

TDS / TCS Tax Credits Deducted by Clients or Employer

₹

Total tax already withheld under Sections 192, 194J, 194C, etc.

Opting for Presumptive Taxation (44AD / 44ADA)?

Section 44AD/44ADA taxpayers can pay 100% advance tax in a single installment by 15th March.

Senior Citizen (Age 60+) without Business Income?

Exempt from advance tax under Section 207(2) of the Income Tax Act.

Installments Paid so Far (Challan ITNS 280)

Paid by 15 June (Inst 1)

₹

Paid by 15 Sept (Inst 2)

₹

Paid by 15 Dec (Inst 3)

₹

Paid by 15 Mar (Inst 4)

₹

Advance Tax StatusMandatory u/s 208

Net Advance Tax Payable

₹1,20,000

Total Paid: ₹1,20,000 | Shortfall: ₹0

Gross Tax

₹1,50,000

Full liability

TDS/TCS Credit

₹30,000

Form 26AS credit

Section 234C Interest

₹0

Installment deferment

Section 234B Applicable

No (Exempt)

Satisfied

Due Date	Target %	Cumulative Due	234C Penalty
15th June	15%	₹18,000	₹0
15th September	45%	₹54,000	₹0
15th December	75%	₹90,000	₹0
15th March	100%	₹1,20,000	₹0

Statutory Notice:

Total advance tax due for the year is ₹1,20,000. Total paid so far is ₹1,20,000. All installment criteria are currently satisfied with zero 234C interest.

Advance Tax Due

₹1,20,000

234C penalty: ₹0

Complies with Sections 207, 208, 209, 211, 234B, and 234C of the Income Tax Act, 1961.

What it is:: An Indian Advance Tax calculation and compliance planning engine.
What it calculates:: Quarterly installment due amounts, shortfall analysis, and Section 234C/234B penal interest liabilities.

Key Assumptions

Threshold liability is ₹10,000 or higher after adjusting TDS/TCS credits.
Quarterly schedule is 15% (June), 45% (Sep), 75% (Dec), and 100% (March).
Senior citizens without business income are exempt under Section 207(2).

How it works

Statutory Applicability: Every taxpayer whose estimated net tax liability (after adjusting TDS and TCS) is ₹10,000 or more in a financial year is legally required to pay advance tax under Section 208.

Quarterly Schedule: Normal taxpayers must pay 15% by 15 June, 45% by 15 September, 75% by 15 December, and 100% by 15 March.

Presumptive Scheme Exception: Taxpayers opting for presumptive taxation under Section 44AD or 44ADA can pay 100% of their advance tax in a single installment on or before 15 March.

Senior Citizen Exemption: Resident individuals aged 60 or above who do not have any income from business or profession are exempt from paying advance tax under Section 207(2).

Formula

Net Advance Tax Liability = Total Estimated Tax & Cess - TDS/TCS Credits; Installments = 15%, 45%, 75%, 100%

Net Tax: = Gross tax on all income streams minus TDS/TCS already deducted
Section 234C: = 1% per month interest on quarterly installment shortfall
Section 234B: = 1% per month interest if total advance tax paid is < 90% of assessed tax

Safe harbor provisions under Section 234C protect taxpayers if at least 12% is paid by 15 June and 36% is paid by 15 September.

Example calculation

₹1,50,000 Estimated Tax with ₹30,000 TDS Credit

Net Advance Tax Liability: ₹1,20,000
Installment 1 (15% by 15 June): ₹18,000
Installment 2 (45% by 15 Sept): ₹54,000
Installment 3 (75% by 15 Dec): ₹90,000
Installment 4 (100% by 15 March): ₹1,20,000
Section 208 Applicability: Mandatory (Net tax ≥ ₹10,000)

Frequently asked questions

Who is liable to pay advance tax in India?

Under Section 208 of the Income Tax Act, any taxpayer whose estimated net tax liability for the financial year is ₹10,000 or more after deducting TDS must pay advance tax. This includes salaried employees with high capital gains, dividend, or rental income, as well as businesses and freelancers.

What is the penalty for not paying advance tax on time?

Failure or delay in paying advance tax attracts simple interest at 1% per month under Section 234C for deferment of quarterly installments, and 1% per month under Section 234B from 1 April of the assessment year if total advance tax paid before 31 March is less than 90% of assessed tax.

Can advance tax be paid after 15th March?

Any tax paid on or before 31 March of the financial year is treated as advance tax. However, payments made after 15 March will still incur Section 234C interest for the fourth installment shortfall.

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