Income Tax

Advance Tax Calculator

Quarterly advance tax instalments (Jun/Sep/Dec/Mar) — new & old regime, TDS offset, senior citizen rules.

Senior citizens (60+) with only salary/pension+interest are exempt from advance tax

Note: Interest under Section 234B (shortfall in advance tax — 1% per month) and 234C (deferment of instalment — 1% per month for 3 months) is payable if advance tax is not paid on time. Advance tax is not required if total tax liability after TDS is less than ₹10,000.

For general guidance only. Consult your CA for advice specific to your situation.