Advance tax instalments. The percentages are cumulative rather than equal quarters, so the September instalment is thirty percent of the liability, not twenty-five.
Also called: advance tax instalment, quarterly tax india.
₹60,000 due by this instalment. Net liability after TDS is ₹2,00,000, of which ₹90,000 should be paid by now and 30,000 has been. Regular taxpayers pay in four cumulative instalments at 15, 45, 75 and 100 percent.
Computed from the published rates for the tax year you selected, which is not necessarily the current year. A calculation, not tax advice, and it does not know anything about your circumstances beyond the figures entered.
This is what the calculation gives for the numbers you entered. It is an estimate, not advice, and it knows nothing about your situation beyond those numbers. Rules for India change on a published schedule; the effective date is shown on every rule-based tool.
Advance tax is due in four instalments at cumulative percentages of fifteen, forty-five, seventy-five and one hundred. Reading them as equal quarters is the common error: the second instalment brings you to forty-five percent, so it is thirty percent of the liability by itself. TDS already deducted reduces the base. Those taxed presumptively under section 44AD or 44ADA pay the whole amount in a single instalment by 15 March. Shortfalls attract interest under section 234C at one percent a month.
the instalments are cumulative percentages of the net liability, not equal quartersEach of these is asserted on every build. If a change to the engine ever moved one of these answers, the build would fail before the page could print it.
Due at this instalment₹60,000
45% of 2 lakh, less the 30,000 already paid
Open this exampleDue at this instalment₹0
boundary
Open this exampleDue at this instalment₹0
degenerate case
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