Advance Tax : Individual Assessees

Due Dates and Rates of Advance Tax Payable by Individual Assessees

Due Date	Amount of Tax
15th September	Atleast 30% 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 Septemeber 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 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 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.

Advance Tax Calculator for Individual Tax Payers for A Y 2009-10 (F Y 2008-09)

Calculate Advance Tax Payable by Individual Male, Female, Senior Citizen, HUF, AOP, BOI & AJP Tax payers.
The Calculator takes into account Marginal tax Relief payable on Surcharge on incomes exceeding Rs. 10 lacs.

Select Advance Tax Date Select Your Status Important: Please RESET the Calculator after every calculation.
Estimated Income from Salary & Allowances / Pension / Profession for Assessment year 2009-10
Estimated Income from House Property
Estimated Income from Capital Gains (Short Term + Long Term)
Estimated Income from Other Sources viz. interest income
Estimated Investments under Sec. 80C, 80CCC & 80CCD (Max. Rs. 1 lakh)
Estimated Investments under Sec. 80D for Health Insurance (Max. Rs. 20,000/- for Senior Citizens & Rs. 15,000/- for others)
Estimated Investments under Sec. 80D for Health Insurance of parents (Max. Rs. 20,000/- if parents are Senior Citizen, otherwise Rs. 15,000/-)
Estimated Amount of any other eligible deduction from income
Estimated Income at Special Rate, if any (Not to be included in Normal Rate Income stated above)
Estimated Income Tax at Special Rate
Advance Tax already paid

Total Taxable Income (at normal rates)
Income Tax at Normal Rates
Total Income Tax
Surcharge
Education Cess
Total Tax liability (Normal Rate + Special Rate)
Income Net of Income Tax Liability

Total Advance Tax Payable upto 15th Sept. 2008 (30% of Tatal Tax Liability)
Balance Advance Tax Payable by 15th Sept. 2008 (Advance Tax Payable - Advance Tax Already Paid)

Total Advance Tax Payable upto 15th Dec. 2008 (60% of Total Tax Liability)
Balance Advance Tax Payable by 15th Dec. 2008 (Advance Tax Payable - Advance Tax Already Paid)

Total Advance Tax Payable upto 15th March 2009 (100% of Total Tax Liability)
Balance Advance Tax Payable by 15th March 2009 (Advance Tax Payable - Advance Tax Already Paid)