Advance Tax Calculator - By GST With Nitesh

Advance Tax Calculator

GST With Nitesh

📅 Advance Tax Quarterly Payment Schedule Advance tax is payable in 4 installments: Q1 (15%), Q2 (45%), Q3 (75%), Q4 (100%). Calculate your quarterly tax liability and plan your payments effectively!

Income Details (FY 2024-25)

Total Gross Income (₹) *

Total Deductions (₹)

Taxpayer Category * Individual (Below 60 years) Senior Citizen (60-80 years) Super Senior Citizen (Above 80)

Tax Regime * Old Regime (with deductions) New Regime (lower rates)

Additional Information

TDS Already Deducted (₹)

Advance Tax Already Paid (₹)

📊 Tax Calculation Summary

📅 Quarterly Payment Schedule

ℹ️ Important Points about Advance Tax

• Who must pay: Advance tax is payable if your tax liability exceeds ₹10,000 in a financial year (after TDS)
• Due Dates: 15th June, 15th September, 15th December, 15th March
• Interest on Late Payment: 1% per month (Section 234B & 234C)
• Payment Method: Pay online through Income Tax e-filing portal or bank challans (Challan 280)
• No Advance Tax for: Senior citizens (60+) with no business income
• Minimum Payment: At least 90% of actual tax liability should be paid as advance tax to avoid interest