Advance Tax Rates & Calculator : Corporate Assessees for AY 2010-11

Advance Tax Rates for AY 2010-11 and Due Dates for Corporate Tax Payers

Due Date	Amount of Tax
15th June	Atleast 15% of Tax on total income for the year.
15th September	Atleast 15% of Tax on total income for the year.
15th December	Atleast 60% 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.

No advance tax is payable if the total tax liability after reducing the tax deducted at source is less than Rs. 5000/-.
If Advance Tax is not paid in full for instalments falling due on 15th March, 15th September and 15th December , interest at the rate of 1% on the short amount for 3 months is to be paid.
If Advance Tax is not paid in full for instalments falling due on 15th March, interest at the rate of 1% on the short amount for 1 month is to be paid. If the payment of the last instalment in March is delayed by even a day, interest is to be paid 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.

Advance Tax Calculator for Corporate Tax Payers for AY 2010-11

Calculate Advance Tax Payable by Firms, Domestic & Other Companies, Local Authorities and Co-operative Societies. The Calculator takes into account Marginal tax Relief payable on Surcharge on incomes exceeding Rs. 1 crore.

Select Advance Tax Date Select Your Status Important: Please RESET the Calculator after every calculation.
Estimated Net Normal Rate Income
Estimated Special Rate Income (not included in Normal Rate Income)
Estimated Income Tax at Special Rate, if any
Rebate under Section 88E, if any
Advance Tax already paid

Income Tax at Normal Rates
Total Income Tax
Surcharge
Education Cess
Total Tax liability
Income Net of Income Tax Liability

Advance Tax Payable upto 15th June (15% of Total Tax Liability)
Balance Advance Tax Payable by 15th June (Advance Tax Payable - Advance Tax Already Paid)

Total Advance Tax Payable upto 15th September (30% of Total Tax Liability)
Balance Advance Tax Payable by 15th September (Advance Tax Payable - Advance Tax Already Paid)

Total Advance Tax Payable upto 15th December (60% of Total Tax Liability)
Balance Advance Tax Payable by 15th December (Advance Tax Payable - Advance Tax Already Paid)

Total Advance Tax Payable upto 15th March (100% of Total Tax Liability)
Balance Advance Tax Payable by 15th March (Advance Tax Payable - Advance Tax Already Paid)