Advance Tax Computation
If your tax liability exceeds ₹10,000 in a year, advance tax must be paid in quarterly instalments. Missing or underpaying attracts 1% monthly interest. Our experts compute and track every instalment.
What is Advance Tax Computation?
Advance tax is the practice of paying income tax in instalments during the year rather than as a lump sum at year-end. It applies to all taxpayers — salaried, business, and self-employed — whose net tax liability after TDS exceeds ₹10,000. Senior citizens without business income are exempt.
What you get
- Projected annual income estimation
- Tax liability computation under both regimes
- Quarterly instalment calculation
- Challan 280 payment guidance
- Advance tax payment schedule
- Year-end reconciliation
- Section 234B/234C interest avoidance advisory
Documents required
- Salary slips or last year's ITR
- Projected business income for the year
- Investment and deduction details
- Rental income details (if applicable)
- Capital gains transactions (if known)
How it works
Income Projection
We estimate your total income for the year from all sources.
Tax Computation
Net tax liability computed after TDS and all deductions.
Instalment Schedule
Quarterly instalments calculated and schedule shared.
Payment Support
Guidance on Challan 280 payment at each due date.
Pricing on Request
Every situation is different — get a custom quote tailored to your exact needs.
Frequently asked questions
What are the advance tax due dates?
15% by June 15 | 45% by September 15 | 75% by December 15 | 100% by March 15.
What if I miss an advance tax instalment?
Interest under Section 234C is charged at 1% per month on the shortfall for each instalment. Section 234B charges 1% monthly on the unpaid balance until the return is filed.
Are senior citizens exempt from advance tax?
Yes, senior citizens (age 60+) who are residents and do not have income from business or profession are exempt from advance tax. They pay all tax at the time of filing.
Ready to get started with Advance Tax Computation?
Get expert help within 24 hours. Free consultation — no commitment required.