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Advance Tax - Individuals and HUFs
Due dates, Rates & Calculator for A Y 2014-15

Advance Tax : Information

  • No advance tax (also written shortly as Adv. Tax) is payable if the total tax liability after reducing the tax deducted at source is less than Rs. 10,000/-.
  • If Advance Tax is not paid in full for installments falling due on 15th September and 15th December, interest at the rate of 1% on the short amount for 3 months is to be paid.
  • 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 you delay payment of the last instalment in March by even a day, you will have to pay interest on the entire instalment amount.
  • Senior citizens who do not have any income from business / profession are exempted from the payment of advance tax w.e.f. 01/04/2012.
  • 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.
  • The senior citizens have been exempted from payment of Advance Tax from Assessment Year 2013-14.

Advance Tax Installments & Due Dates

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 Calculator for A Y 2014-15

Calculate Amount of Advance Tax Installments Payable on various Due Dates by an Individual, Senior Citizen, Super Senior Citizen, HUF or NRI assessee. This calculator takes into account Marginal Relief available in calculation of surcharge where the taxable income is more than Rs. 1 Crore.

Enter data only applicable bordered cells.
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Income taxable at normal ratesEstimated Income from Salary & Allowances / Pension for the Year
Estimated Income from Business / Profession for the Year
Estimated Income from House Property (In case of loss, enter " - " before amount)
Estimated Short Term Capital Gains (Taxable at Normal Rate)
Estimated Income from Other Sources (Taxable at Normal Rate)
Total Income taxable at normal rates (Taxable at Normal Rate)
Income taxable at special ratesIncome - Taxable at 10%
Income - Taxable at 15%
Income - Taxable at 20%
Income -Taxable at 30%
Total Income taxable at special rates
Deductions from taxable income u/s 80C, 80CCC & 80CCD(1) (Max. 1 lakh)
u/s 80CCD(2) (Max. 10% of salary)
u/s 80CCG for Investment in Rajiv Gandhi Saving Scheme (Max. Rs. 25,000).
u/s 80D for Health Insurance (Max. 20,000/- for Senior Citizens & 15,000/- for others)
u/s 80D for Health Insurance of parents (Max. 20,000/- if parents are Senior Citizen, else 15,000/-)
u/s 80TTA Interest on Savings Bank account (Max. Rs. 10,000/-)
Any other eligible deduction
Total deductions from taxable income
Tax already paidTax Deducted at Source (TDS)
Tax Collected at Source (TCS)
Advance Tax already paid
Total Taxes paid
Taxable income, Income Tax, Surcharge, Edu. Cess and Total Tax Liability
Income TaxTaxable Income - Normal Rate Income
Taxable Income - Special Rate (Also B5 above)
Total Taxable Income ((Normal rate + Special Rate)
Income Tax at Normal Rates
Income Tax at Special Rates
Total Income Tax (Normal Rate + Special Rate)
Net Surcharge (Surcharge - Marginal Tax Relief) (Applicable if Total Taxable Income> 1 crore)
Income Tax + Net Surcharge
Education Cess
Total Tax liability (Normal Rate + Special Rate)
Income Net of Income Tax Liability
Advance Tax
Advance Tax due for payment on or before 15th September 2013 (30% of Total Tax Liability)
Advance Tax to be paid on or before 15th September 2013 (Advance Tax due - Tax already paid )
Advance Tax due for payment on or before 15th December 2013 (60% of Total Tax Liability)
Advance Tax to be paid on or before 15th December 2013 (Advance Tax due - Tax already paid )
Advance Tax due for payment on or before 15th March 2014 (100% of Total Tax Liability)
Advance Tax to be paid on or before 15th March 2014 (Advance Tax due - Tax already paid )