Advance Tax Calculator for Non-Individual

Advance Tax Calculator for Individuals

Use this Advance Tax Calculator for calculation of Advance Tax payable on various due dates by Non-individual taxpayers i.e. Firms, Co-operatives, LAs and Companies during AY 2022-23

Select Status & Due Date
1	Select Status	Firm Local Authority Cooperative Society Domestic Co. : Claiming Exemptions & TO in 2017/18 upto Rs. 400 Cr. Domestic Co. : Claiming Exemptions & TO in 2017/18 above Rs. 400 Cr. Domestic Manufacturing Co. : Income as per Sec. 115BAA New Domestic Manufacturing Co. : Income as per Sec. 115BAB Foreign Company
2	Select Due Date	15th June 2021 15th September 2021 15th December 2021 15th March 2022

Enter details of 'Estimated Income taxable at Normal Rates'
1	Income from Salary / Pension ( Net of Standard Deduction )
2	Income from Business / Profession
3	Income from House Property ( If loss, enter minus sign ' - ' before amount )
4	Income from Capital Gains (Taxable at Normal Rate)
5	Income from Other Sources (Taxable at Normal Rate)
6	Less : Deductions under Chapter VI A
7	Less : Any other eligible deductions
8	Total Income Taxable at Normal Rate
Enter details of 'Estimated Income taxable at Special rates'
1	Income Taxable at 5%
2	Income Taxable at 10%
3	Income Taxable at 12.5%
4	Income Taxable at 15%
5	Income Taxable at 20%
6	Income Taxable at 30%
7	Total Income Taxable at Special Rate
Additional Info.
1	Rebate under Section 88E ( STT Paid )
Taxes already paid
1	Estimated amount of TDS, TCS and MAT credit utilized for the year
2	Advance Tax already paid
ResetCalculate
Taxable Income and Tax Liability
1	Taxable Income ( B8 + C1 )
2	Income Tax at Normal Rates
3	Income Tax at Special Rates
4	Total Income Tax ( F2 + F3 - D1 )
5	Surcharge (if applicable)
6	Marginal Relief in Surcharge (if applicable)
7	Net Surcharge ( F5 - F6 )
8	Income Tax + Surcharge ( F4 + F7 )
9	Heath & Education Cess ( 4% of F8 )
10	Total Tax liability ( F8 + F9 )
11	Income Net of Income Tax Liability
Advance Tax
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Calculate Interest payable under Section 234A, 234B and 234C
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.

What is Advance Tax?

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 provided in income Tax Act / Rules.

What are provisions relating to payment of Advance Tax?

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 Rs. 10,000/-.
• 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.

What are Advance Tax Installments & Due Dates?

Due Date	Advance Tax Installment Amount
15th June	At least 15% of Tax on total income for the year.
15th September	At least 45% of Tax on total income for the year less advance tax already paid.
15th December	At least 75% of Tax on total income for the year less advance tax already paid.
15th March	100% of Tax on total income for the year less advance tax already paid.