Who must pay advance tax?
If your tax for the year, after TDS and TCS, is ₹10,000 or more, you must pay it in instalments during the year. This commonly applies to business owners, freelancers, and salaried people with rent, interest or capital gains. Resident senior citizens (60+) with no business income are exempt.
| Due date | Cumulative amount |
|---|---|
| 15 June | 15% |
| 15 September | 45% |
| 15 December | 75% |
| 15 March | 100% |
Taxpayers under the presumptive schemes (44AD, 44ADA) can pay the full amount by 15 March.
Get your estimate checked with our tax experts.
Frequently Asked Questions
What if I miss an advance tax instalment?
Interest of 1% a month applies under section 234C on the shortfall, and under 234B if less than 90% is paid by 31 March.
Do salaried employees pay advance tax?
Only if their tax after TDS is ₹10,000 or more, usually because of other income like rent, interest or capital gains.
How do I pay advance tax?
Online through the e-Pay Tax facility on the income tax e-filing portal, using challan type 100 (advance tax).
Is advance tax payable on capital gains?
Yes, in the instalments after the gain arises. Gains that could not be estimated earlier can be covered in the remaining instalments.
This calculator gives an estimate based on the rules shown above. Rates and limits change through budgets and notifications – confirm with a professional before you file or pay.