Modified : 15 Dec 2018

Advance Tax Calculator, Due Dates & Rates

Use this calculator for easy calculation of Advance Tax Installments payable on various Due Dates during financial year 2018-19 ( AY 2019-20 ) by Individuals (Resident Individuals, Senior and Very Senior Citizens, HUFs and Non-residents) and by Non-individuals ( firm, co-operative, local authority, domestic company or other than domestic company).

Advance Tax Calculator : AY 2019-20

Challan 280 (with Auto-calculation formulas)

Select Assessee Type
A. Select Status & Due Date
1. Select Status
2. Select Due Date
B. Enter details of 'Estimated Income taxable at Normal Rates'
1. Income from Salary / Pension ( Net of Standard Deduction )
2. Income from Business / Profession
3. Income from House Property ( If loss, enter minus sign " - " before amount )
4. Income from Capital Gains (Taxable at Normal Rate)
5. Income from Other Sources (Taxable at Normal Rate)
6. Less : Deductions under Chapter VI A
7. Less : Any other eligible deductions
8. Total Income Taxable at Normal Rate ( B1 + B2 + B3 + B4 + B5 - B6 - B7 )
C. Enter details of 'Estimated Income taxable at Special rates'
1. Income Taxable at 5%
2. Income Taxable at 10%
3. Income Taxable at 12.5%
4. Income Taxable at 15%
5. Income Taxable at 20%
6. Income Taxable at 30%
7. Total Income Taxable at Special Rate ( C1 + C2 + C3 + C4 + C5 + C6 )
D. Additional Info.
1. Rebate under Section 88E ( STT Paid )
E. Taxes already paid
1. Estimated amount of TDS, TCS and MAT credit utilized for the year
2. Advance Tax already paid
F. Taxable Income, Income Tax, Surcharge, Educational Cess and Tax Liability
1. Taxable Income ( B8 + C1 )
2. Income Tax at Normal Rates
3. Income Tax at Special Rates
4. Total Income Tax ( F2 + F3 - D1 )
5. Surcharge ( If F1 exceed ₹ 1 Cr. )
6. Marginal Relief in Surcharge ( If F1 marginally exceed ₹ 1 Cr. / 10 Cr. )
7. Net Surcharge ( F5 - F6 )
8. Income Tax + Surcharge ( F4 + F7 )
9. Heath & Education Cess ( 4% of F8 )
10. Total Tax liability ( F8 + F9 )
11. Income Net of Income Tax Liability ( B6 + B7 + B8 + C7 - F10 )
G. Advance Tax
1. Due for payment on or before 15th June 2018 [ 15% of (F9 - E1) ]
2. To be paid on or before 15th June 2018 ( G1 - E2 )
1. Due for payment on or before 15th September 2018 [ 45% of (F9 - E1) ]
2. To be paid on or before 15th September 2018 ( G1 - E2 )
1. Due for payment on or before 15th December 2018 [ 75% of (F9 - E1) ]
2. To be paid on or before 15th December 2018 ( G1 - E2 )
1. Due for payment on or before 15th March 2019 ( F9 - E1 )
2. To be paid on or before 15th March 2019 ( G1 - E2 )
Calculate Interest payable under Section 234A, 234B and 234C
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.

Advance Tax, Advance Tax Rates and Due Dates for Non-Individuals

Advance tax is payment of Income Tax on 'Pay As You Earn' basis. It involves estimation of total income from all sources for the year, calculation of estimated Income Tax Liability and its payment instalments as per due dates prescribed income Tax Act / Rules. The important provision of Income Tax Act / Rules relating to payment of Advance Tax by Individuals and HUF are :

  • No advance tax is payable if the total income tax liability after reducing the tax deducted at source is less than ₹ 10000/-.
  • In case of eligible assessee as referred to in Section 44AD, it is not required to pay advance tax installments falling due for payment on June 15, September 15 and December 15. In such cases 100% of advance tax is required to be paid by 15th March.
  • If Advance Tax is not paid in full for installments falling due on 15th June, 15th September and 15th December, interest at the rate of 1% on the short amount for 3 months is to be payable u/s 234 C.
  • If Advance Tax is not paid in full for installments falling due on 15th March, interest at the rate of 1% on the short amount for 1 month is to be paid. If the payment of the last instalment in March is delayed by even a day, interest is to be paid on the entire instalment amount.
  • If you do not pay advance tax at all or if the aggregate paid by March 31 is less than 90 per cent of the total tax payable, you will have to pay an interest of 1 per cent per month on the deficit amount from April 1 of the following year till the date you file your return u/s 234 B.
  • If tax is paid after due date for filing of return, an interest of 1 per cent per month is payable on the deficit amount from the due date of filing of return till the date of payment of deficit u/s 234 A.

Advance Tax : Due Dates & Rates

Due DateAdvance Tax Installment Amount
15th JuneAt least 15% of Tax on total income for the year.
15th SeptemberAt least 45% of Tax on total income for the year less advance tax already paid.
15th DecemberAt least 75% of Tax on total income for the year less advance tax already paid.
15th March100% of Tax on total income for the year less advance tax already paid.

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