Back to Tools

Advance Tax Calculator

Calculate advance tax installments with Sec 234C interest for missed deadlines.

Income & Tax Details

Tax Summary

Estimated Gross Income₹0
Income Tax (before cess)₹0
Tax + 4% Education Cess₹0
Less: TDS Deducted- ₹0
Net Advance Tax Required₹0
Net tax liability ≤ ₹10,000. Advance tax not required under Sec 208.

Section 234C — Interest for Default in Installments

Interest @1% per month for shortfall in each installment:

  • • 1st Installment (15 Jun): If paid <15% → 1% × 3 months on shortfall
  • • 2nd Installment (15 Sep): If paid <45% cumulative → 1% × 3 months
  • • 3rd Installment (15 Dec): If paid <75% cumulative → 1% × 3 months
  • • 4th Installment (15 Mar): If paid <100% → 1% × 1 month

Note: Senior citizens (60+) without business income are exempt from advance tax.

Results are indicative only. Always consult a qualified tax professional for final decisions. Associate Piyush is not liable for any decisions made based on tool outputs. © 2026 Associate Piyush, Pune.