Use this calculator for easy calculation of Advance Tax Installments payable on various Due Dates during financial year 2018-19 ( AY 2019-20 ) by Individuals (Resident Individuals, Senior and Very Senior Citizens, HUFs and Non-residents) and by Non-individuals ( firm, co-operative, local authority, domestic company or other than domestic company).
|Select Assessee Type|
Advance tax is payment of Income Tax on 'Pay As You Earn' basis. It involves estimation of total income from all sources for the year, calculation of estimated Income Tax Liability and its payment in instalments as per due dates prescribed in income Tax Act / Rules. The important provision of Income Tax Act / Rules relating to payment of Advance Tax by Individuals and HUF are :
|Due Date||Advance Tax Installment Amount|
|15th June||At least 15% of Tax on total income for the year.|
|15th September||At least 45% of Tax on total income for the year less advance tax already paid.|
|15th December||At least 75% of Tax on total income for the year less advance tax already paid.|
|15th March||100% of Tax on total income for the year less advance tax already paid.|