Advance tax
Income tax paid during the year in four instalments, when tax after TDS is ₹10,000 or more.
Tax is due as income is earned. Income without enough TDS (business profit, freelance fees, rent, capital gains) needs advance tax: 15% of the year's tax by 15 June, 45% by 15 September, 75% by 15 December and all of it by 15 March.
Paying late or too little costs interest of 1% a month on the shortfall. Resident senior citizens without business income don't pay advance tax.
Example
Tax for the year ₹1,92,400, TDS ₹1,50,000: advance tax of ₹42,400, of which ₹6,360 is due by 15 June.
Advance Tax Calculator
Whether you need to pay advance tax, how much is due by each date, and the interest on a late or short instalment.
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Rules as of tax year 2026-27. Written by the Welthr team; last reviewed on . Not financial advice.