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Advance Tax Calculator for Resident Individual, HUF, Sr. Citizen,
Firm, Domestic & Other Company, Co-operative and Local Authority

  1. Use Advance Tax calculator for easy calculation of Advance Tax Installments payable on various Due Dates during financial year 2020-21 ( AY 2021-22 ) by Resident Individuals, Senior / Very Senior Citizens and HUFs. The Calculator calculates your tax liability both under the Existing Regime (i.e. Not Opting Section 115BAC) and New Regime (i.e. Opting Section 115BAC).
  2. Use Advance Tax calculator (As per Ordinance dated 20th September 2019) for easy calculation of Advance Tax Installments payable on various Due Dates during financial year 2020-21 ( AY 2021-22 ) by Firms, Companies, Co-operatives and Local Authority.

Challan 280 (with Auto-calculation formulas)

Select Calculator for

Advance Tax Calculator for Individual Tax Payers for AY 2021-22

A. Select Status & Due Date
1. Select your Status
2. Select Age group
3. Select Advance Tax Due Date

Abbreviations used :
ER (Existing Regime) - Calculations are applicable for AY 2021-22 if NOT OPTED for computation of taxable income as per Provisions of Section 115BAC. Existing Income tax rates will be applicable.
NR (New Regime) - Calculations are applicable for AY 2021-22 if OPTED for computation of taxable income as per Provisions of Section 115BAC. Revised Income tax rates will be applicable.

Select Age / Status
A.Income 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)

B.Income (Profits) from Business / Profession, if ER
Income (Profits) from Business / Profession, if NR

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 ₹ 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 ₹ 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, if ER
Total Income from Business / Profession, if NR

C.Income / 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. ₹ 2 lacs)
8Income / Loss (-ve) from House Property, if ER
Income / Loss (-ve) from House Property, if NR

D.Income from Capital Gains, if ER
Income from Capital Gains, if NR

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, if ER
Total Income from Capital Gains, if NR

E.Income from Other Sources, if ER
Income from Other Sources, if NR

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 from Other Sources, if ER
F.Agricultural Income (For Rate purpose)
G.Total Income, if ER
Total Income, if NR

H.Eligible 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. ₹ 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. 80NRB (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

I.Total Taxable Income, if ER
Total Taxable Income, if NR

J.Income taxable at Special Rates, if ER
Income taxable at Special Rates, if NR

K.Income taxable at Normal Rates, if ER
Income taxable at Normal Rates, if NR

L.Enter details of Estimated amount of Tax 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
DescriptionIf Sec 115BAC Not Opted
(Existing Regime)
If Sec 115BAC Opted
(New 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 DetailsIf Sec 115BAC Not Opted
(Existing Regime)
If Sec 115BAC Opted
(New Regime)
Less: Relief u/s 87A (For Individuals having taxable income upto ₹ 5.00 lacs)
Less: Income Tax on Agricultural Income included above
Income Tax
Surcharge on Income Tax (10% / 15% / 25% / 37% of Income Tax if taxable income is above ₹ 50 lac / 1 Cr. / 2 Cr. / 5 Cr. respectively)
Less: Marginal Relief (If taxable income marginally exceed ₹ 50 lac / 1 Cr.)
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 detailsIf Sec 115BAC Not Opted
(Existing Regime)
If Sec 115BAC Opted
(New Regime)
1. Due for payment on or before 15th June 2020
2. To be paid on or before 15th June 2020
1. Due for payment on or before 15th September 2020
2. To be paid on or before 15th September 2020
1.Due for payment on or before 15th December 2020
2. To be paid on or before 15th December 2020
1. Due for payment on or before 15th March 2021
2. To 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.

Advance Tax, Advance Tax Rates and Due Dates for Individual / HUF

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 prescribed 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/-.
  • Senior citizens ( i.e. resident individuals aged 60 years or above ) who do not have any income from business / profession are exempted from the payment of advance tax w.e.f. 01/04/2012.
  • In case of eligible assessee as referred to in Section 44AD, it is not required to pay advance tax installments falling due for payment on June 15, September 15 and December 15. In such cases 100% of advance tax is required to be paid by 15th March.
  • 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 : Rates & Due Dates

Due DateAdvance Tax Rate
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.
Updated : May 15, 2020