Advance Tax
Income tax paid in four quarterly installments through the financial year — required if annual liability after TDS exceeds ₹10,000.
Definition
Advance tax is income tax paid during the financial year on income that's not covered by TDS. Anyone whose annual tax liability after TDS exceeds ₹10,000 must pay it in four installments: 15% by 15 June, 45% cumulative by 15 September, 75% by 15 December, 100% by 15 March.
Missing or under-paying triggers Section 234C interest (1% per month on each missed installment). If total advance paid + TDS is below 90% of full liability by year-end, Section 234B interest applies from 1 April of assessment year. Senior citizens (60+) without business income are fully exempt.
Formula
Installments: 15%, 45% cum, 75% cum, 100% by 15 Jun/Sep/Dec/MarExample
Annual tax ₹2 lakh, TDS ₹0 → Q1 ₹30K, Q2 ₹60K, Q3 ₹60K, Q4 ₹50K.
Calculators that use this
Advance Tax
Compute your quarterly advance tax installments — 15%, 45%, 75%, 100% by 15 Jun/Sep/Dec/Mar — to avoid section 234B and 234C interest.
Open calculatorFreelancer Tax
Plan quarterly advance tax for freelancers under Section 44ADA presumptive (50% deemed) or actual expenses, factoring 10% TDS deducted by clients.
Open calculatorTDS
Calculate TDS on salary, interest, professional fees, rent, and contractor payments under sections 192/194A/194C/194I/194J — with PAN-flag handling.
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