Last modified - 08/04/2016

Advance Tax : Due dates, Rates & Calculator
for Companies, Firms, Local Authority, Co-op. Society

Advance Tax : Information
Advance Tax : Rates & Due Dates
Advance Tax : Calculator

Advance Tax : Information

  • No advance 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, 15th September and 15th December, interest at the rate of 1% on the short amount for 3 months is to be payable u/s 234 C.
  • 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 u/s 234 B.
  • If tax is paid after due date for filing of return, an interest of 1 per cent per month is payable on the deficit amount from the due date of filing of return till the date of payment of deficit u/s 234 A.

Advance Tax : Installments & Due Dates w.e.f. 01.04.2016 for all assessees

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 2017-18 (FY 2016-17)

Calculate 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.

Status & Due Date
Select Your Status

* Domestic Company - 1 : A domestic company whose turnover in the previous year is upto Rs. 5 crores
** Domestic Company - 2 :A domestic company whose turnover in the previous year is more than Rs. 5 crores

Select Due Date for payment of Advance Tax
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
Estimated amount of Tax Deducted at Source (TDS), Tax Collected at Source (TCS) and Minimum Alternate Tax (MAT) credit utilized for the year
Advance Tax already paid
Taxable Income, Income Tax, Surcharge, Educational Cess and Tax Liability
Total 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 02016
(15% of Total Tax Liability for Companies and Nil for Others)
Advance Tax to be paid on or before 15th June 02016 (Advance Tax due - Tax already paid )
Advance Tax due for payment on or before 15th September 02016
(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 02016 (Advance Tax due - Tax already paid )
Advance Tax due for payment on or before 15th December 02016
(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 02016 (Advance Tax due - Tax already paid )
Advance Tax due for payment on or before 15th March 2017 (100% of Total Tax Liability for all)
Advance Tax to be paid on or before 15th March 2017 (Advance Tax due - Tax already paid )
Calculate Interest payable under Section 234A, 234B and 234C

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