Advance Tax Installment Schedule
See exactly how much advance tax to pay by 15 Jun, 15 Sep, 15 Dec and 15 Mar — cumulative targets, this-quarter dues and remaining balance, live.
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Installment schedule
Regular · 4 installments| Due date | Cumulative % | Cumulative ₹ | This installment | Remaining after paid |
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Get your advance tax computed & paid on time by a CA
We estimate your income accurately, schedule every installment and keep you clear of 234B/234C interest.
Disclaimer: Indicative advance-tax schedule based on the estimate you enter. Actual dues depend on your final income, TDS/TCS credits and quarterly income timing. Interest u/s 234B/234C may apply on shortfalls. Rules per Sections 208–211 of the Income-tax Act.
When must you pay advance tax?
Advance tax is the "pay-as-you-earn" system — instead of paying all your tax at year-end, you pay it in installments during the year. Under Section 208, you must pay advance tax if your net tax liability (after deducting TDS) is ₹10,000 or more in a financial year. Miss the schedule and you attract interest under Sections 234B and 234C.
| By 15 June | 15% cumulative |
| By 15 September | 45% cumulative |
| By 15 December | 75% cumulative |
| By 15 March | 100% cumulative |
| By 15 June | Nil |
| By 15 September | Nil |
| By 15 December | Nil |
| By 15 March | 100% cumulative |
Worked example — net payable ₹1,60,000
A regular taxpayer with an estimated tax liability of ₹2,00,000 and ₹40,000 TDS already deducted. Net advance tax payable = ₹2,00,000 − ₹40,000 = ₹1,60,000 (≥ ₹10,000, so advance tax applies). The four installments work out as:
Key terms explained
Net tax payable
Your estimated total tax for the year minus TDS/TCS credits. Advance tax is calculated on this net figure and is only required when it reaches ₹10,000 or more.
Interest u/s 234C
Charged at 1% per month for deferring an installment — i.e. paying less than the 15% / 45% / 75% / 100% cumulative target by each due date.
Interest u/s 234B
Charged at 1% per month from 1 April of the assessment year if you paid less than 90% of your total tax as advance tax during the year.
Presumptive scheme
Small businesses (Sec 44AD) and professionals (Sec 44ADA) declaring income on a presumptive basis get a concession — they pay 100% of advance tax by 15 March in one shot.
Questions people ask
Short answers on Advance Tax Schedule. Tap a question to open it.
01Who has to pay advance tax?
Any taxpayer whose estimated tax liability for the year, after TDS and TCS credit, is ₹10,000 or more. Resident senior citizens aged 60 and above with no business or professional income are exempt.
02What are the advance tax due dates and percentages?
By 15 June — 15% of the year's tax; by 15 September — 45% cumulative; by 15 December — 75% cumulative; by 15 March — 100%. This tool converts your estimated liability into the four instalments with the amount due on each date.
03Is the schedule different for presumptive taxpayers?
Yes. A taxpayer under section 44AD or 44ADA pays the entire advance tax in a single instalment by 15 March, not in four.
04What happens if I miss an instalment?
Interest is charged under section 234C at 1% per month for the shortfall in each instalment, and under section 234B at 1% per month if less than 90% of the total tax is paid by the end of the financial year.
05Can I revise my advance tax estimate mid-year?
Yes — advance tax is paid on an estimate, so you recompute at each instalment date and pay the cumulative percentage of your latest estimate. Any excess is refunded when you file your return.
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Disclaimer: This tool gives indicative results for general guidance only and is not professional advice. Please verify with a qualified CA before acting on the numbers.