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Updated on : 6 May, 2018

Non-residents - Advance Tax
Due dates, Rates & Calculator for A Y 2019-20 (FY 2018-19)

What is Advance Tax?

Advance tax is payment of Income Tax on 'Pay As You Earn' basis. More ...

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 provided in Income Tax Act / Rules. The important provision of Income Tax Act / Rules relating to payment of Advance Tax are :
  • No advance tax is payable if the total tax liability after reducing the tax deducted at source is less than ₹ 10,000/-.
  • 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 paid 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 you delay payment of the last instalment in March by even a day, you will have to pay interest 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

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

Use this calculator for easy calculation of Advance Tax Installments Payable on various Due Dates during financial year 2018-19 ( AY 2019-20 ).

Select Advance Tax Due Date
B. Enter details of 'Income taxable at Normal Rates'
1. Estimated Income from Salary / Pension ( Net of Standard Deduction )
2. Estimated Income from Business / Profession
3. Estimated Income from House Property ( If loss, enter minus sign " - " before amount )
4. Estimated Income from Capital Gains (Taxable at Normal Rate)
5. Estimated Income from Other Sources (Taxable at Normal Rate)
6. Total Income taxable at Normal Rates
C. Enter details of 'Income taxable at Special Rates'
1. Estimated Income Taxable at 10%
2. Estimated Income Taxable at 15%
3. Estimated Income Taxable at 20%
4. Estimated Income Taxable at 30%
5. Total Estimated Income taxable at Special Rates
D. Enter details of eligible Deductions from taxable income
1. u/s 80C, 80CCC & 80CCD(1) ( Max. 1.50 lacs )
2. u/s 80CCD(2) ( Max. 10% of salary )
3. u/s 80CCG ( Max. ₹ 25,000 ).
4. u/s 80D ( self / family ) ( Max. ₹ 50,000 for Senior Citizens & 25,000 for others )
5. u/s 80D ( parents ) ( Max. ₹ 50,000 if parents are Senior Citizen, else ₹ 25,000 )
6. u/s 80TTA ( Max. ₹ 10,000/- )
8. Any other eligible deduction
9. Total deductions from Taxable income
E. Enter details of Estimated amount of Tax deducted / Collected / Paid for the year
1. Estimated amount of TDS utilized for the year
2. Estimated amount of TCS utilized for the year
3. Advance Tax paid
F. Taxable income, Income Tax, Surcharge, Health & Edu. Cess and Tax Liability
1. Income Taxable at Normal Rate
2. Income Taxable at Special Rate
3. Total Taxable Income ( F1 + F2 )
4. Income Tax at Normal Rates
5. Income Tax at Special Rates
6. Total Income Tax ( F4 + F5 - relief u/s 87A )
7. Surcharge ( If F3 exceed ₹ 50 lac. )
8. Marginal Relief in Surcharge ( If F3 marginally exceed ₹ 50 lac / 1 Cr. )
9. Net Surcharge ( F7 - F8 )
10. Income Tax + Net Surcharge ( F6 + F9 )
11. Health & Education Cess ( 4% of F10 )
12. Total Tax liability ( F10 + F11 )
13. Income Net of Income Tax Liability ( B6 + C5 - E12 )
G. Advance Tax
1. Due for payment on or before 15th June 2018 [ 15% of (F12 - E1) ]
2. To be paid on or before 15th June 2018 ( G1 - E2 )
1. Due for payment on or before 15th September 2018 [ 45% of (F12 - E1) ]
2. To be paid on or before 15th September 2018 ( G1 - E2 )
1.Due for payment on or before 15th December 2018 [ 75% of (F12 - E1) ]
2. To be paid on or before 15th December 2018 ( G1 - E2 )
1. Due for payment on or before 15th March 2019 ( F12 - E1 )
2. To be paid on or before 15th March 2019 ( G1 - E2 )
Calculate Interest payable under Section 234A, 234B and 234C
Important : This calculator is an easy online tool for quick basic calculation and cannot give correct calculation in all circumstances. The exact calculation may be made after taking into account all applicable provisions of Income Tax Act / Rules.