Advance Tax EstimatorUse this tool to calculate your Income-tax liability and Advance-tax liability as well, for the Financial Year 2018-19.

Click on an Income and Deductions head to enter details and compute. Your 'Tax Payable' or 'Refundable Amount' shall be auto-calculated and visible at the bottom of the page.

  Amount
Income from Salary 0
Income from House Property 0
Income from Capital Gain 0
Income from Other Source 0
Gross Total Income 0
Less: Deduction Under 80C, 80CCC, 80CCD 0
Less: Other Deductions - Mediclaim, Donation, etc.
Total Taxable Income
Total Tax Applicable 0
Less: Taxes Paid (Advance-tax, TDS) 0
Income from Salary

Income from Salary

Income from House Property

Self Occupied

Other Than Self Occupied

Income from Capital Gain

Short Term Capital Gain

Long Term Capital Gain

Income from Other Source

Other Taxable Income including Interest income

Winnings from Lotteries, crossword,puzzles etc.

Total Tax Applicable

Total Tax Applicable

Less: Taxes Paid

Less: Advance Tax

Particulars Payable Paid Total Paid Balance
Payable upto 15/06/2018
Payable upto 15/09/2018
Payable upto 15/12/2018
Payable upto 15/03/2019

Less: Other Taxes Paid

Deductions : Under Chapter VI A

80C - Life Insurance, Provident fund, Mutual Funds, Deposits, Housing loan, etc.

Life Insurance, Provident fund, Mutual Funds, Deposits, Housing loan, etc.

80CCC- Pension funds

Contribution to Pension funds

80CCD (1) and (1B)

Contribution to National Pension Scheme(NPS) by Employee.

80CCD (2)

Contribution to Pension Scheme of Central Government by Employer

80D- Health Insurance(Mediclaim)

Medical Insurance Premium: Self, Spouse & Children

80D- Health Insurance(Mediclaim)

Medical Insurance Premium: Parents (limit of Senior Citizen considered)

80DD- Medical treatment of dependent family member

Medical treatment of handicapped dependant

80DDB - Treatment of specified disease

Medical treatment for specified disease of family members (Limit of Senior Citizen is considered)

80E - Repayment of interest on higher education loan

Repayment of interest on loan for higher education

80G - 100%, Qualifying limit not applicable

Donation to a certain funds, charitable institution, etc. (100% deduction)

80G - 50%, Qualifying limit not applicable

Donation to a certain funds, charitable institution, etc. (50% deduction)

80GG - House rent paid(HRA not received)

Rent Paid (HRA not received)

80GGA - Donation for scientific research or rural development

Donations for research association or rural development, etc.

80GGC- Contribution to political parties or electoral trusts

Contribution by any person to political parties or electoral trust

80TTA- Interest on Bank and Post office saving accounts

Interest on deposits in savings account

80U- Deduction for Self

Person with disability

Total Other Deduction

Total Other Deduction

Reset all data

Questions and Answers on Advance Tax Estimator

Advance Tax is a direct tax (income tax) payable in advance by an assessee on his estimated total income of a financial year.It is also termed as pay-as-you-earn as it is to be paid before the end of the Financial Year.As per section 208 of Income Tax Act, advance tax liability arises only if estimated tax liability exceeds Rs.10,000.

Advance tax can be calculated by applying the slab rate applicable to a financial year on his total total estimated income for that year.For example your total income for FY 2018-19 is Rs.5,50,000, then your estimated liability is Rs.23,400 calculated as follow.

First 2,50,000 Nil
250000-500000 5% of 250000 = 12500
20% of (550000-500000) 10,000
Total tax 22,500
Add : Cess @ 4% 900
Total tax 23,400
Online Payment
  • login to http://www.tin-nsdl.com > Services > e-payment
  • Select challan ITNS 280.
  • Enter required challan details (Please select Advance Tax check box)
  • After filling all details you will be directed to net banking site of your bank.
  • Login to your net banking portal and enter payment details at bank site.
  • On successful payment a challan counterfoil will be displayed containing CIN, payment details and bank name.This challan is the proof of payment.

Offline/Papermode payment
  • Visit here and take print out of the form.
  • Enter required challan details (Please select Advance Tax check box)
  • Submit the challan along with cash or cheque at any bank branch that receives income tax payment.

Section 208 of Income Tax Act 1961, states that an assessee whose estimated tax liability is more than Rs.10,000, is required to pay Advance Tax.However a senior citizen isn’t required to pay advance tax if his total income doesn’t includes income under head business & profession.

Due dates of payment of Advance Tax are following: -

Due Date Advance Tax Payable
15th June Minimum 15 % of Advance Tax
15th September Minimum 45 % of Advance Tax - Advance Tax already paid
15th December Minimum 75 % of Advance Tax - Advance Tax already paid
15th March 100 % of Advance Tax - Advance Tax already paid
A resident senior citizen is liable to pay Advance Tax only if he/she has income from Business/ Profession.
There is no separate provision for NRI in Income Tax Act regarding payment of advance tax.. As per Section 208 of Income Tax Act 1961, an assessee whose income tax liability is more than Rs 10,000, is required to pay Advance Tax except a senior citizen who is resident in India and does not have any income from Business/Profession.So a NRI is also liable to pay advance tax.
If you fails to pay advance tax you have to pay interest for non payment of advance tax.Simple Interest @ 1% is charged u/s 234B & 234C on the amount of Advance tax liability remained unpaid.
As per Section 208 of Income Tax Act 1961, advance tax liability arises only if your estimated tax liability is more than Rs.10,000. In case of salaried employee TDS is deducted every month from their salary which is also a kind of advance tax.So for a salaried employees if estimated tax payable after considering TDS is more than Rs.10,000 then they have to pay advance tax.
Normally an individual is required to pay income tax in assessment year Yes, HUF needs to pay Advance Tax. If estimated tax liability of HUF during a financial year exceeds Rs.10,000 then HUF is also required to pay advance tax.The provision for Advance Tax is equally applicable to HUF.