What is the interest for late advance tax payment?

Under Section 234C, interest is 1% per month for 3 months on the shortfall amount. Under Section 234B, if 90% of tax is not paid by March 31, interest is 1% per month for 12 months on the shortfall.

Who has to pay advance tax?

Any taxpayer whose estimated tax liability after TDS exceeds ₹10,000 in a financial year must pay advance tax.

📋 Tax

📅 Advance Tax Calculator (Quarterly Payment Schedule)

If your tax liability exceeds ₹10,000, you must pay advance tax in instalments. This calculator shows the amount due each quarter and potential interest for delay under Sections 234B and 234C.

Enter Details

Estimated Annual Tax Liability

₹

₹0₹10,00,000

Results

Adjust values to see results

About this Calculator

If your tax liability exceeds ₹10,000, you must pay advance tax in instalments. This calculator shows the amount due each quarter and potential interest for delay under Sections 234B and 234C.

Input Parameters

Estimated Annual Tax Liability:Enter a value between ₹0 and ₹1000000

Frequently Asked Questions

Advance tax is due in four instalments: 15% by June 15, 45% by September 15, 75% by December 15, and 100% by March 15 of the financial year.

📅 Advance Tax Calculator (Quarterly Payment Schedule)

Enter Details

Results

About this Calculator

Input Parameters

Frequently Asked Questions

You May Also Like

Income Tax Calculator

HRA Exemption Calculator

GST Calculator

Capital Gains Tax Calculator