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Advance Tax Calculator for Individuals

Advance Tax Calculator for Non-indvls

About the Advance Tax Calculator

This user-friendly Advance tax Calculator can be used by Resident Individuals (including Sr. Citizens, Very / Super Senior Citizens and HUFs) for calculation of

Abbreviations used
ERExisting Regime (Tax Provisions) i.e. Not opted for Section 115BAC and Existing Income tax provisons and tax rates are applicable.
NRNew Regime (Tax Provisions) i.e. Opted for Section 115BAC and New Income tax provisons and tax rates are applicable.
Select Status, Due Date and Enter data
1Select your Status
2Select Age group
3Select Advance Tax Due Date
AIncome from Salary / Pension, if ER (Exisiting Regime)
Income from Salary / Pension, if NR (New Regime)
1Total Salary/Pension (Excl. Standard Deduction, all exemptions, allowances, perquisites & profit in lieu of salary)
2If ER, less : Standard deduction u/s Sec 16(i)
3If ER, less : Entertainment Allowance u/s Sec 16(ii).
4If ER, less : Employment (Profession) Tax paid u/s Sec 16(iii).
5If ER, less : Allowances Exempt under Section 10(5), 10(13A), 10(14), 10(17) and 10(32).
6Less: Any other allowance(s) exempt under other section 10
7Add: Allowances not exempt
8Add: Value of Perquisites and / or Fringe Benefits
9Add: Profits in lieu of Salary
10Total Taxable Income from Salary (if ER)
Total Income from Salary (if NR)

BIncome (Profits) from Business / Profession
1Calculate Presumptive Income u/s
1. Turnover or Receipts in cash
2. Turnover or Receipts other than in cash
(by account payee cheque / bank draft or electronic clearing system through bank account)
3. Gross Turnover or Gross Receipts (Not Eligible u/s 44AD if more than Rs. 1 core)
4. Minimum Presumptive Income u/s 44AD (8% of 1 + 6% of 2)
1. Gross Turnover or Gross Receipts (Not Eligible u/s 44ADA if more than Rs. 50 lacs)
2. Minimum Presumptive Income u/s 44ADA (50% of 1)
Enter Presumptive Income u/s 44AE Use Calculator
2Presumptive Income from Business / Profession
3Enter Income from Business / Profession other than Presumptive Income
4Total Income from Business / Profession
CIncome / Loss from House Property, if ER
Income / Loss from House Property, if NR
1Whether Property is Rented of Self Occupied
2Annual Lettable Value or Rent Received or Receivable (Zero, if Self occupied)
3Amount of Rent, which cannot be realized (Zero, if Self occupied)
4Taxes paid to Local Authorities (Zero, if Self occupied)
5Annual Value of Property ( 2 - 3 - 4 )
630% of 5
7Interest payable on borrowed capital (Max. Rs. 2 lacs)
8Income / Loss (-ve) from House Property, if ER
Income / Loss (-ve) from House Property, if NR

DIncome from Capital Gains
1Short Term Capital Gain - Taxable at Normal Rates
2Short Term Capital Gain (u/s 111A) - Taxable @ 15%
3Long Term Capital Gain - Taxable @ 20%
4Long Term Capital Gain - Taxable @ 10%
5Total Income from Capital Gains
EIncome from Other Sources
1Income - Taxable at Normal Rates
2Income - Taxable at Special Rates
ParticularsTax RateIncome
Winnings from Lottery, Puzzle, Crossword etc.30
Any other income taxable at Special Rate
3Total Income
FAgricultural Income (For Rate purpose)
GTotal Income, if ER
Total Income, if NR
HEligible Deductions, if ER
Eligible Deductions, if NR
1Deductions under Sec. 80C (Nil, if NR)
2Deductions under Sec. 80CCC (Nil, if NR)
3Deductions under Sec. 80CCD1 (Nil, if NR)
4Total of Deductions u/s 80C, 80CCC and 80CCD(1) (Max. Rs. 1.50 lakh) (Nil, if NR)
5Deductions under Sec. 80CCD(1B) (Nil, if NR)
6Deductions under Sec. 80CCD2
7Deductions under Sec. 80CCG (Nil, if NR)
8Deductions under Sec. 80D (Health Insurance - Self & family) (Nil, if NR)
9Deductions under Sec. 80D (Health Insurance - Parents) (Nil, if NR)
10Deductions under Sec. 80DD (Nil, if NR)
11Deductions under Sec. 80DDB (Nil, if NR)
12Deductions under Sec. 80E (Nil, if NR)
13Deductions under Sec. 80EE (Nil, if NR)
14Deductions under Sec. 80EEA (Nil, if NR)
15Deductions under Sec. 80EEB (Nil, if NR)
16Deductions under Sec. 80G (Nil, if NR)
17Deductions under Sec. 80GG (Nil, if NR)
18Deductions under Sec. 80QQB (Nil, if NR)
19Deductions under Sec. 80RRB (Nil, if NR)
20Deductions under Sec. 80TTA (Nil, if NR)
20Deductions under Sec. 80TTB (Nil, if NR)
21Deductions under Sec. 80U (Nil, if NR)
22Any other eligible deduction (Nil, if NR)
23Total Deductions from Taxable Income, if ER
Total Deductions from Taxable Income, if NR

ITotal Taxable Income, if ER
Total Taxable Income, if NR
JIncome taxable at Special Rates, if ER
Income taxable at Special Rates, if NR
KIncome taxable at Normal Rates, if ER
Income taxable at Normal Rates, if NR
JTax deducted / Collected / Paid for the year
1Estimated amount of TDS utilized for the year
2Estimated amount of TCS utilized for the year
3Advance Tax paid
4Total Tax paid
Taxable Income and Income Tax
DescriptionExisting RegimeNew Regime
IncomeIncome TaxIncomeIncome Tax
Exempt Income
Income taxable at 5%
Income taxable at 10%NANA
Income taxable at 15%NANA
Income taxable at 20%
Income taxable at 25%NANA
Income taxable at 30%
Income taxable at Normal Rates
Income taxable at Special Rates
Total
Tax Liability DetailsExisting RegimeNew Regime
Less: Relief u/s 87A (For Individuals having taxable income upto Rs. 5.00 lacs)
Less: Income Tax on Agricultural Income included above
Income Tax
Surcharge on Income Tax (if applicable)
Less: Marginal Relief (if applicable)
Net Surcharge
Income Tax + Net Surcharge
Health & Education Cess
Gross Income Tax Liability
Less: Tax relief under sections 89, 90 and 91
Net Income Tax Liability
Add: Interest Payable under Sections 234A, 234B and 234C
Total Income Tax Liability
Advance Tax detailsExisting RegimeNew Regime
1Due for payment on or before 15th June 2020
2To be paid on or before 15th June 2020
1Due for payment on or before 15th September 2020
2To be paid on or before 15th September 2020
1Due for payment on or before 15th December 2020
2To be paid on or before 15th December 2020
1Due for payment on or before 15th March 2021
2To be paid on or before 15th March 2021
Calculate interest under Section 234 A, B and C
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.

What is Advance Tax?

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 instalments as per due dates provided in income Tax Act / Rules.

What are provisions relating to payment of Advance Tax?

The important provision of Income Tax Act / Rules relating to payment of Advance Tax are :

What are Advance Tax Due Dates & Installments?

The Advance Tax Due Dates and Installment are as under :

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.


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Updated : Feb 01, 2021