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Advance Tax : Non-Individuals
Due dates, Rates & Calculator for A Y 2015-16 (FY 2014-15)

Advance Tax Information

  • No advance tax (also written shortly as Adv. Tax) is payable if the total income tax liability after reducing the tax deducted at source is less than Rs. 10000/-.
  • If Advance Tax is not paid in full for installments falling due on 15th June (for Corporates only), 15th September and 15th December, interest at the rate of 1% on the short amount for 3 months is to be payable.
  • If Advance Tax is not paid in full for installments falling due on 15th March, interest at the rate of 1% on the short amount for 1 month is to be paid. If the payment of the last instalment in March is delayed by even a day, interest is to be paid on the entire instalment amount.
  • If you do not pay advance tax at all or if the aggregate paid by March 31 is less than 90 per cent of the total tax payable, you will have to pay an interest of 1 per cent per month on the deficit amount from April 1 of the following year till the date you file your return.

Advance Tax Installments & Due Dates for Firms, Co-operatives and Local Authorities

Due DateAmount of Tax
15th SeptemberAt least 30% of Tax on total income for the year.
15th DecemberAt least 60% of Tax on total income for the year less advance tax already paid.
15th March100% of Tax on total income for the year less advance tax already paid.

Advance Tax Installments & Due Dates for Companies

Due DateAdvance Tax Installment Amount
15th JuneAt least 15% of Tax on total income for the year.
15th SeptemberAt least 45% of Tax on total income for the year less advance tax already paid.
15th DecemberAt least 75% of Tax on total income for the year less advance tax already paid.
15th March100% of Tax on total income for the year less advance tax already paid.

Advance Tax Calculator for A Y 2015-16 (FY 2014-15)

Calculate Amount of Advance Tax Installments payable on various Due Dates by a firm, co-operative, local authority, domestic company or other than domestic company. This Calculator takes into account Marginal Relief available on Surcharge in cases where taxable income is more than Rs. 1 crore.

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Income taxable at Normal Rates
Income from Business or Profession
Income from House Property ( enter -ve, if loss )
Income from Capital Gains
Income from Other Sources
Less: Deductions under Chapter VI A
Less: Any other eligible deductions
Total Income Taxable at Normal Rate
Income taxable at Special Rate
Income at Special Rate
Income Tax at Special Rate
Additional Info.
Rebate under Section 88E ( Securities Transaction Tax Paid )
Taxes already paid
Tax Deducted / Tax Collected at Source
Advance Tax already paid
Income Tax, Surcharge, Edu. Cess and Total Tax Liability
Income TaxTotal Income (Income Taxable at Normal Rate + Income Taxable at Special Rate )
Income Tax at Normal Rates
Total Income Tax [Income Tax (Normal Rate + Spl. Rate) - Ded. under section 88E]
Net Surcharge [Surcharge - Marginal Tax Relief (if Total Income is more than Rs. 1 Crore)]
Income Tax + Surcharge
Education Cess
Total Tax liability
Income Net of Income Tax Liability
Advance Tax
Advance Tax due for payment on or before 15th June 2014
(15% of Total Tax Liability for Companies and Nil for Others)
Advance Tax to be paid on or before 15th June 2014 (Advance Tax due - Tax already paid )
Advance Tax due for payment on or before 15th September 2014
(45% of Total Tax Liability for Companies and 30% of Total Tax liability for Others)
Advance Tax to be paid on or before 15th September 2014 (Advance Tax due - Tax already paid )
Advance Tax due for payment on or before 15th December 2014
(75% of Total Tax Liability for Companies and 60% of Total Tax liability for Others)
Advance Tax to be paid on or before 15th December 2014 (Advance Tax due - Tax already paid )
Advance Tax due for payment on or before 15th March 2015 (100% of Total Tax Liability for all)
Advance Tax to be paid on or before 15th March 2015 (Advance Tax due - Tax already paid )