Advance Tax Calculator & Advance Tax Rates for F Y 2009 10 (AY 2010-11) for Individual Assessees
Advance Tax Rates for F Y 2009 10 and Due Dates for Individual Tax Payers
Applicable to Individual Male, Female and Senior Citizens, Hindu Undivided Family (HUF), Association of Persons (AOP), Body of Individuals (BOI) and Artificial Judicial Person (AOJ)
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. 10,000/-.
If Advance Tax is not paid in full for instalments falling due on 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 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.
Advance Tax Calculator for AY 2010-11 for Individual Tax Payers
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.