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Plan and schedule your advance tax payments to avoid penalties
Income tax + surcharge + cess for the full year
Q1 (by June 15)
Q2 (by Sep 15)
Q3 (by Dec 15)
Q4 (by Mar 31)
Advance tax is a mandatory quarterly tax payment requirement under Section 207 of the Income Tax Act 1961 for individuals expected to owe tax of 10000 rupees or more during a financial year. This calculator determines when and how much advance tax you must pay in each of the four quarterly installments during the financial year. Unlike the salaried employees who have income tax auto-deducted through TDS monthly, self-employed professionals, business owners, and those with non-salaried income face advance tax obligations. Paying advance tax on schedule is crucial to avoid penalties, interest charges under Section 234B and 234C, and potential scrutiny during tax assessment. The calculator helps you plan cash flow effectively by showing advance tax liability well before payment deadlines and enabling you to structure year-end income strategically. Failing to pay advance tax when due can result in penalties up to 10% of shortfall, making this calculator an essential tool for self-employed and business income earners in India.
Result = Amount × Rate / 100Where:
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This calculator is provided for informational and educational purposes only. While we strive for accuracy, results should be verified with official sources or by consulting qualified professionals. Tax laws, rates, and regulations are subject to change. GotRedFlags is not responsible for financial decisions made based on these tools.