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How much advance tax do you need to pay, and when?
You pay advance tax if your tax for the year, after TDS, is ₹10,000 or more. Instalments reach 15% by 15 June, 45% by 15 September, 75% by 15 December and 100% by 15 March. Presumptive income pays it all by 15 March. Senior citizens with no business income are exempt.
Draft rules: not yet verified by a CA. Do not rely on this figure.
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You owe advance tax of ₹80,000 this year, paid in the instalments below.
- Tax after TDS₹80,000
- By 15 Jun₹12,000
- By 15 Sep₹24,000
- By 15 Dec₹24,000
- By 15 Mar₹20,000
Estimate for planning, not tax advice.
Advance tax for the year₹80,000
Worked example
₹1,00,000 estimated tax with ₹20,000 of TDS.
You owe advance tax of ₹80,000 this year, paid in the instalments below.
| Tax after TDS | ₹80,000 |
|---|---|
| By 15 Jun | ₹12,000 |
| By 15 Sep | ₹24,000 |
| By 15 Dec | ₹24,000 |
| By 15 Mar | ₹20,000 |
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