Advance Tax Calculator for AY 2019-20 for Non-Individual
Calculate Advance Tax Installments payable on various Due Dates during 2018-19 by a firm / co-operative / local authority / domestic company / other than domestic company as per Indian Income Tax Act / Rules. This Calculator takes into account Marginal Relief available on Surcharge in cases where taxable income is more than ₹ 1 crore / 10 crores.
Important : The above calculator is compiled to enable users / visitors of this site to have a quick and easy online tool for basic calculation. The calculator does not claim to give correct calculation in all circumstances. It is advised that the exact calculation may be made after taking into account all relevant provisions contained in the Income Tax Act and Rules.
Advance Tax : Information
No advance tax is payable if the total income tax liability after reducing the tax deducted at source is less than ₹ 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 : Due Dates & Rates
Advance Tax Installment Amount
At least 15% of Tax on total income for the year.
At least 45% of Tax on total income for the year less advance tax already paid.
At least 75% of Tax on total income for the year less advance tax already paid.
100% of Tax on total income for the year less advance tax already paid.